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Given the following account balances after closing entries are posted, what would be the balance in the Equipment account on the Post - Closing Trial
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 2 Accounts Payable 6.100 Salaries Payable 3.000 Unearned Rent 1,300 Notes Payable 7,000 Thomas, Capital 144,300 C... O A. $161,700 OB. $185,700 O C. $279,400 OD. $93,700
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