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Question 5 3.5 pts The following information is available for Buckeye Company: 201 ecember 201 Cash Land Notes payable Retained earnings Accumulated depreciation Supplies Accounts
Question 5 3.5 pts The following information is available for Buckeye Company: 201 ecember 201 Cash Land Notes payable Retained earnings Accumulated depreciation Supplies Accounts receivable Equipment Accounts payable Common stock Inventory $25,000 40,000 29,000 33,000 4,000 8,000 16,000 20,000 11,000 40,000 18,000 $30,000 42,000 45,000 58,000 7,000 10,000 17,000 26,000 40,000 42,000 During 2018, Buckeye Company reported sales revenue of $89,000, salaries expense of $22,000, rent expense of $17,000, and cost of goods sold. Buckeye Company paid $9,000 of dividends during 2018. (Note - the amount of cost of goods sold has been intentionally omitted from this problem). Calculate the amount of equipment reported in Buckeye Company's balance sheet at December 31, 2018 QUES_364083 2432803_A10274421
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