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.