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As of December 31, 2016, the Balance Sheet of Pokagon Products, Inc. contains the following items: Accounts Payable $12,000 Land $90,000 Building $250,000 Notes Payable
As of December 31, 2016, the Balance Sheet of Pokagon Products, Inc. contains the following items:
| Accounts Payable | $12,000 |
| Land | $90,000 |
| Building | $250,000 |
| Notes Payable | $135,000 |
| Accounts Receivable | $30,000 |
| Cash | $7,000 |
| Retained Earnings | $110,000 |
| Common Stock | $188,000 |
| Equipment | ? |
Determine the amount of Equipment.
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Intermediate Accounting
Authors: David Spiceland
11th Edition
1264134525, 9781264134526
