If the balancesheet shows the following account balaces what…
If the balancesheet shows the following account balaces what should the total equity be? Land $ 2,000,000 Farm Checking Acct. $ 15,000 Operating Note $ 20,000 Machinery $ 150,000 Land Mortgage – Short $ 5,000 Savings Acct $ 10,000 Machinery Note – Long $ 50,000 Wheat Inventory in Bin $ 200,000 Land Mortgage – Long $ 500,000 Machinery Note – Short $ 5,000