Reference no: EM131794261

Problem

On December 31, Hill Company has the following list of account balances.

Accounts Payable $28,900 Service Revenue $64,600 Accounts Receivable 63,100 Legal Expense 5,000 Accumulated Depreciation, Equipment 17,100 Note Payable, due in two years. 18,000 Accumulated Depreciation, Buildings 71,600 Prepaid Rent 24,600 Advertising Expense 7,100 Rent Expense 6,000 Beginning Capital 93,000 Salaries Expense 2,400 Buildings 98,000 Salaries Payable 11,300 Cash 14,800 Supplies 10,200 Drawing 11,900 Supplies Expense 9,500 Equipment 51,900

Required:

Compute the dollar amount of the Total Assets as it would appear on the December 31 balance sheet.