Question: USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT ( 6 ) QUESTIONS: The following is a December 3 1 , 2 0 1 6 ,

USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (6) QUESTIONS:
The following is a December 31,2016, post-closing trial balance for Excell Company:
\table[[Account Title,Debits,Credits],[Cash,$83,000,],[Accounts Receivable (net of Allowance),$280,000,],[Prepaid Expenses,$32,000,],[Investments,$65,000,],[Land,$175,000,],[Buildings (net),$160,000,],[Equipment (net),$145,000,],[Accounts payable,,$73,000
 USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (6) QUESTIONS: The

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