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LO3-2g, LO3-3g The following is the ending balances of accounts at June 30, 2018, for Excell Company Debits $83,000 65,000 280,000 32,000 75,000 320,000 Credits

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LO3-2g, LO3-3g The following is the ending balances of accounts at June 30, 2018, for Excell Company Debits $83,000 65,000 280,000 32,000 75,000 320,000 Credits Account Title Cash Short-term investments Accounts receivable Prepaid expenses (for the next 12 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Accrued expenses Notes payable Mortgage payable Common stock Retained earnings 160,000 265,000 120,000 173,000 45,000 100,000 250,000 100,000 172,000 $1,120,000 $1,120,000 Totals Additional Information: . The short-term investments account includes $18,000 in U .S. treasury bills purchased in Ma

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