Paxton Office Supply Company purchased equipment for $80,000. Depreciation Expense for the month is $1,600. What is
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Paxton Office Supply Company purchased equipment for $80,000. Depreciation Expense for the month is $1,600. What is the balance of the Equipment account after posting the depreciation entry?
a. $78,400
b. $81,600
c. $80,000
d. $1,600
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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