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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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