Accounts payable Land Cash Salaries payable S. Andrea, Capital Machinery Prepaid insurance $ 8,300 Accounts receivable 30,500 Accumulated depreciation-Machinery 13,150 Notes payable (due in 7 years) 1,050 Long-term investments in bonds 42,800 Notes receivable (due in 4 years). 20,400 Merchandise inventory 2,200 $ 4,050 16,200 29,400 7,100 15,300 5,050 ANDREA CO. Balance Sheet December 31 Assets Total assets Liabilities Total liabilities Total liabilities and equity Equity