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On December 31, Sanchez Company has the following list of account balances. Additional Resources Accounts Payable $68,400 Equipment $62,400 Accounts Receivable 51,700 Service Revenue 29,000
On December 31, Sanchez Company has the following list of account balances.
Additional Resources
| Accounts Payable | $68,400 |
| Equipment | $62,400 | |
| Accounts Receivable | 51,700 |
| Service Revenue | 29,000 | |
| Accumulated Depreciation, Equipment | 13,600 |
| Legal Expense | 2,900 | |
| Accumulated Depreciation, Buildings | 68,200 |
| Note Payable, due in two years. | 16,000 | |
| Advertising Expense | 1,800 |
| Prepaid Rent | 22,300 | |
| Beginning Retained Earnings | 97,000 |
| Rent Expense | 2,000 | |
| Buildings | 102,000 |
| Salaries Expense | 5,600 | |
| Capital Stock | 47,600 |
| Salaries Payable | 13,800 | |
| Cash | 59,400 |
| Supplies | 20,600 | |
| Dividends | 14,300 |
| Supplies Expense | 8,600 |
Required:
Compute the dollar amount of the Total Assets as it would appear on the December 31 balance sheet.
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