Business
College Accounting A Contemporary Approach 5th Edition
Based on the accounts reflected below, the missing value for

Based on the accounts reflected below, the missing value for Equipment for the fundamental accounting equation to be in balance

Question:

Based on the accounts reflected below, the missing value for Equipment for the fundamental accounting equation to be in balance is what amount? Assume that all accounts have normal balances.
a. $20,000
b. $40,000
c. $25,000
d. $30,000
Cash—$30,800
Accounts Payable—$20,000
Jack Carter, Capital—$60,000
Equipment—$XX,XXX
Supplies—$9,200

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