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Suppose a local company has the following balance sheet accounts: Accounts Balances Accounts Balances Land $ 8,000 Cash 6,200 Equipment ? Stockholders' Equity 12,500 Salaries

Suppose a local company has the following balance sheet accounts: Accounts Balances Accounts Balances Land $ 8,000 Cash 6,200 Equipment ? Stockholders' Equity 12,500 Salaries Payable 3,300 Accounts Payable 1200 Notes Payable ? Prepaid Rent 2,200 Supplies 1,600 Required: Calculate the missing amounts assuming the business has total assets of $30,000. Equipment_____________ Notes Payable____________

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