The followings are balances of each accounts. Based on the given information, calculate the value of total equity. Accrued Salaries Payable 15,000 Accumulated Depreciation 10,000 Building 100,000 Cash 60,000 Common Stock 35,000 Notes Payable 20,000 Notes Receivable 20,000 Rent Revenue 50,000 Room Sales Revenue 70,000 Salaries Expense 20,000.

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To calculate the total equity we need to sum up the balances of the equity accounts E... View the full answer