(L03) Included in Outkast Companys December 31, 2017, trial balance are the following accounts: Prepaid Rent $5,200,...
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(L03) Included in Outkast Company’s December 31, 2017, trial balance are the following accounts: Prepaid Rent
$5,200, Debt Investments (to be held to maturity until 2020) $56,000, Unearned Fees $17,000, Land (held for investment) $39,000, and Notes Receivable (long-term) $42,000. Prepare the long-term investments section of the balance sheet.
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