Question - The balances of select accounts of Stephanie Company as of December 31, 2016 are given below.
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Debit
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Credit
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Building
|
$100,000
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|
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Cash
|
6,000
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|
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Office Supplies
|
1,200
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|
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Furniture
|
7,000
|
|
|
Prepaid Insurance
|
650
|
|
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Accumulated Depreciation - Furniture
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$3,000
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Land
|
32,000
|
|
|
Accumulated Depreciation - Building
|
|
4,500
|
|
Accounts Receivable
|
3,000
|
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What amount of total long-term assets would be shown on the balance sheet?