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Question
Below is a list of various balance sheet accounts and their balances.
| Debit | Credit | |
| Building | $100,000 | |
| Cash | 2,000 | |
| Supplies | 800 | |
| Furniture | 2,600 | |
| Prepaid insurance | 150 | |
| Accumulated depreciation-furniture | $900 | |
| Inventory | ||
| Land | 25,000 | |
| Accumulated depreciation-building | 4,800 | |
| Accounts receivable | 1,500 |
What are the total long-term assets that would be shown on the balance sheet?
A) $127,600
B) $121,900
C) $128,400
D) $96,900
Answer
This answer is hidden. It contains 112 characters.
Related questions
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