3700 SolutionTotal assets Land Equipment Supplies Cash

Solution

Total assets = Land + Equipment + Supplies + Cash + Prepaid rent

33000 = 8400 + Equipment + 1800 + 6600+ 2600

Equipment = 13600

Total assets = Total liabilities = 33000

Total liabilities = Stockholder equity + Accounts payable + Note payable + Salaries payable

Notes payable = 33000 - 12900 - 1400 - 3700 = 15000