Balancing an Account: Office Equipment
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At the beginning of the year, the Office Equipment account of Gulf Coast Airlines had a debit balance of $126,900. During the year, debit entries of $23,400 and credit entries of $38,200 were posted to the account. What was the balance of this account at the end of the year? (Indicate debit or credit balance.)
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Solution Summary
This solution finds the balance of an account given debit and credit entries and debit balances.
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Gulf Coast Airlines
Extract of Asset side of Balance sheet:
Office Equipment Account
Beginning Balance: $126900
Add: ...
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