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X Company, a merchandising company, had the following transactions during the year: 1. Received $8,291 in cash contributions from the owners 2. Purchased $8,294 worth

X Company, a merchandising company, had the following transactions during the year:

1. Received $8,291 in cash contributions from the owners

2. Purchased $8,294 worth of merchandise on account from suppliers

3. Sold merchandise on account to customers for $12,180; the merchandise cost X Company $8,526

4. Paid $3,456 to suppliers for merchandise that X company had previously purchased on account.

5. Collected $3,837 from customers who had previously purchased merchandise on account

6. Bought equipment for $9,822 with a down payment of $5,618 and a $4,204 loan from the bank

7. Paid wages of $1,175

8. Recognized the expiration of $583 of prepaid rent

39) If total equities at the beginning of the year were 14,759, what were total equities at the end of the year?

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