ACC 560 MART Learn by Doing/acc560mart.com ACC 560 MART Learn by Doing/acc560mart.com | Page 68

December 31

Cash
3,700

2017

2016

$

$

4,300

Accounts receivable (net)
23,400

21,200

Inventory
7,000

10,000

Land
26,000

20,000

Buildings
70,000

70,000

Accumulated depreciation—buildings
(10,000)

(15,000)

Total
$120,100

$110,500

Accounts payable
31,100

$ 12,370

Common stock
69,000
Retained earnings
20,000
Total
$120,100

$
75,000

23,130
$110,500