Included in Outkast Companys December 31, 2012, trial balance are the following accounts: Prepaid Rent $5,200; Debt

Question:

Included in Outkast Company’s December 31, 2012, trial balance are the following accounts: Prepaid Rent $5,200; Debt Investments $56,000; Unearned Fees $17,000; Land (held for investment) $39,000; Notes Receivable (long-term) $42,000. Prepare the long-term investments section of the balance sheet.