Question: Total dollar amount for PP&E? X Your answer is incorrect. The following information is for Skysong Auto Supplies: Skysong Auto Supplies Balance Sheet December 31,
X Your answer is incorrect. The following information is for Skysong Auto Supplies: Skysong Auto Supplies Balance Sheet December 31, 2020 $ 41000 Accounts Payable 78000 Salaries and Wages Payable 98000 Mortgage Payable 142000 Total Liabilities 179000 250000 $ 132000 52000 155000 Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings $197000 Less Accumulated Depreciation (64000) Trademark Total Assets 339000 Owner's Capital 719000 133000 137000 $1058000 Total Liabilities and Owner's Equity $1058000 The total dollar amount of assets to be classified as property, plant, and equipment is $626000
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