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 Suppose a local company has the following balance sheet accounts.pdf
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Suppose a local company has the following balance sheet accounts.pdf

  1. Suppose a local company has the following balance sheet accounts: Accounts Balances Accounts Balances Land $ 8,000 Cash 6,300 Equipment ? Stockholders' Equity 11,500 Salaries Payable 3,900 Accounts Payable 900 Notes Payable ? Prepaid Rent 2,500 Supplies 1,200 Required: Calculate the missing amounts assuming the business has total assets of $31,000. Equipment_____________ Notes Payable____________ Solution Equipment=2300 Notes Payable=1000
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