The balance sheet of the Chesapeake Company contained the following accounts and balances: $$\begin{array} { | l | l | l | c | }
\text { Cash } & \$ 600 & \text { Notes Payable } & \$ 300 \
\hline \text { Equily } & \$ 450 & \text { Land } & ?
\end{array}$$ Based on the above information only, the amount or balance for Land must be
A) $450.
B) $750.
C) $150.
D) $1,350.

Question

The balance sheet of the Chesapeake Company contained the following accounts and balances: $$\begin{array} { | l | l | l | c | } 
\text { Cash } & \$ 600 & \text { Notes Payable } & \$ 300 \
\hline \text { Equily } & \$ 450 & \text { Land } & ?
\end{array}$$ Based on the above information only, the amount or balance for Land must be
A) $450.
B) $750.
C) $150.
D) $1,350.

Quizplus · Accepted Answer

The Answer of The balance sheet of the Chesapeake Company contained the following accounts and balances: $$\begin{array} { | l | l | l | c | } 
\text { Cash } & \$ 600 & \text { Notes Payable } & \$ 300 \
\hline \text { Equily } & \$ 450 & \text { Land } & ?
\end{array}$$ Based on the above information only, the amount or balance for Land must be
A) $450.
B) $750.
C) $150.
D) $1,350.

The Balance Sheet of the Chesapeake Company Contained the Following