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closing capital bal Question 1 (1 point) Suppose a company has the following account balances on January 1: Cash $4,865,412, accounts receivable $122,752, supplies $2,161,
closing capital bal
Question 1 (1 point) Suppose a company has the following account balances on January 1: Cash $4,865,412, accounts receivable $122,752, supplies $2,161, prepaid advertising $11,359, prepaid insurance $4,449, computers $2,907, office equipment $20,328, furniture and fixtures $21,161, vehicles $8,192, buildings $2,399,441, land $1,549,104, accounts payable $183,918, unearned revenue $3,971, loan payable $5,817, mortgage payable $657,750, Ida McIntyre, withdrawals $9,100, service revenue $900,308, advertising expense $6,438, insurance expenses $4,317, interest expense $7,635, entertainment expense $4,049, rent expense $22,804, repairs and maintenance expense $6,432, supplies expense $1,596, travel expense $2,168, utilities expense $1,854 and wages expense $99,453. What is the balance in the capital account on January 1Step by Step Solution
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