Given the following account balances after closing entries are posted, what would be the balance in...

 

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Given the following account balances after closing entries are posted, what would be the balance in the Equipment account on the Post - Closing Trial balance (assume normal account balances)? Cash Accounts Receivable Office Supplies Prepaid Rent Land Building Accumulated Depreciation, Building Equipment Accounts Payable Salaries Payable Unearned Rent Notes Payable Thomas, Capital $24,000 2,000 4,200 8,900 15,100 22,200 11,000 ? 6,600 3,000 1,600 6,000 139,700 Given the following account balances after closing entries are posted, what would be the balance in the Equipment account on the Post - Closing Trial balance (assume normal account balances)? Cash Accounts Receivable Office Supplies Prepaid Rent Land Building Accumulated Depreciation, Building Equipment Accounts Payable Salaries Payable Unearned Rent Notes Payable Thomas, Capital $24,000 2,000 4,200 8,900 15,100 22,200 11,000 ? 6,600 3,000 1,600 6,000 139,700

Answer rating: 100% (QA)

To determine the balance in the Equipment account on the PostClosing Trial balance we ... View the full answer