29) The balances of select accounts of Sasha Company as of December 31, 2018 are given below.

	Debit	Credit
Building	$130,000
Cash	9000
Office Supplies	800
Furniture	6000
Prepaid Insurance	450
Accumulated DepreciationFurniture		$3000
Land	30,000
Accumulated DepreciationBuilding		4300
Accounts Receivable	3000

What amount of total long-term assets would be shown on the balance sheet at December 31, 2018?

29) ______

A) $166,000 B) $160,000 C) $158,700 D) $130,000

31) The beginning balance in the Bright, Capital account of a company was $10,000. The revenues and expenses were $240,000 and $120,000, respectively. During the year, Bright made withdrawals of $7,000. There were no new capital contributions during the year. The ending balance in Sanchez, Capital was

30) ______

31) Prestige Company earned revenues of $12,000 and incurred expenses of $9500. The owner, Easley, withdrew $3000. What is the balance in the Income Summary account after closing net income or loss to the Easley, Capital account?

31) ______

A) debit balance of $12,000 B) credit balance of $2500

C) credit balance of $9500 D) balance of $0

32) ABC Company earned revenues of $100,000 and incurred expenses of $107,000. The owner's name of the sole proprietorship is Hector Hernandez. Prepare the entry to close the Income Summary account. Omit explanation.