The balances of select accounts of Stephanie Company as of D

The balances of select accounts of Stephanie Company as of December 31, 2016 are given below.

What amount of total long-term assets would be shown on the balance sheet?

Building Debit -100000

Cash-6000

Office Supplies 1200

Furniture 7000

prepaid insurance 650

accumulated depreciation furniture credit 3000

land-32000

accumulated depreciation-building credit 4500

accounts receivable 3,000

all debit except accumulated depreciation -furniture and building which are credits

a-100000

b 131500

c. 132000

d 139000

Solution

option b is correct