Solution-Compute the dollar amount of the book value of

Compute the dollar amount of the book value of property

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Reference no: EM131651421

Question - On December 31, Coleman Company has the following list of account balances.

Accounts Payable $67,700

Service Revenue $28,700

Accounts Receivable 44,500

Legal Expense 6,000

Accumulated Depreciation, Equipment 13,300

Note Payable, due in two years. 20,000

Accumulated Depreciation, Buildings 73,700

Prepaid Rent 14,400

Advertising Expense 8,700

Rent Expense 3,000

Beginning Capital 99,000

Salaries Expense 3,500

Buildings 103,000

Salaries Payable 5,600

Cash 40,800

Supplies 21,800

Drawing 18,500

Supplies Expense 3,700

Equipment 40,100

Required: Compute the dollar amount of the book value of property, plant, and equipment as it would appear on the December 31 balance sheet.

Reference no: EM131651421

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Compute the dollar amount of the book value of property

Reference no: EM131651421

Reference no: EM131651421

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