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On December 31, Bailey Company has the following list of account balances. Accounts Payable $ 59,100 Equipment $ 69,400 Accounts Receivable 46,900 Service Revenue
On December 31, Bailey Company has the following list of account balances. Accounts Payable $ 59,100 Equipment $ 69,400 Accounts Receivable 46,900 Service Revenue 44,000 Accumulated Depreciation, 15,500 Legal Expense 6,900 Equipment Accumulated Depreciation, 65,600 Buildings Note Payable, due in two years. 12,000 Advertising Expense 3,800 Prepaid Rent 21,600 Beginning Retained Earnings 100,000 Rent Expense 1,400 Buildings 88,000 Salaries Expense 7,200 Capital Stock 34,600 Salaries Payable 10,400 Cash 49,800 Supplies 18,900 Dividends 19,500 Supplies Expense 7,800 Required: Compute the dollar amount of the book value of property, plant, and equipment as it would appear on the December 31 balance sheet. Dollar amount of book value of Property, Plant, and Equipment: $
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