The Pierce Company started operations this month and had the following transactions: 1 Owners invested $45,000 to start company 1 Purchased a twelve month insurance policy for $3,000 12 Purchased $500 of supplies on account 20 Customers paid for $400 of services in advance. 25 Completed $3,200 of services for another customer. 30 Paid $6,800 in employee payroll. At the end of the month, $125 of supplies were on still hand. What amount of total assets does the company have at the end of the month?

business. () Alvarez's Florists pays wages of $2,100 for the month tU BEZ-8 (LO5) Identify which basic assumption of accounting is best described in each item below. (a) The economic activities of FedEx Corporation are divided into 12-month periods for the purpose of issuing ans.. reports. vilidebns (b) Solectron Corporation, Inc. does not adjust amounts in its financial statements for the effects of inflation. (c) Walgreen Co. reports current and noncurrent classifications in its balance sheet. (d) The economic activities of General Electric and its subsidiaries are merged for accounting and reporting purposes.

In the image you can look at the question . Is asking me to choose the correct answer below and fill in the answer box to complete your choice . How can I solve this type of question ?

I need help with questions 1 and 2