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Question - 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 ?$24,000
Accounts Receivable ?1,500
Office Supplies ?4,800
Prepaid Rent ?8,400
Land ?15,500
Building ?25,800
Accumulated? Depreciation, Building ?12,000
Equipment ??
Accounts Payable ?6,100
Salaries Payable ?3,000
Unearned Rent ?1,300
Notes Payable ?7,000
?Thomas, Capital ?144,300
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