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Given the following ledger accounts for Exxon Mobil Corporation for the month of May 2024, calculate the closing balance for each account: Cash: $80,000 Accounts

Given the following ledger accounts for Exxon Mobil Corporation for the month of May 2024, calculate the closing balance for each account:

  • Cash: $80,000
  • Accounts Receivable: $40,000
  • Inventory: $25,000
  • Accounts Payable: $35,000
Owner's Equity: $100,000

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