Business, 03.05.2021 21:40 potaetoo6879

Montauk Oil Co. reports these account balances on December 31, 2015 Accounts Payable $110,000 Land $200,000 Notes Payable $260,000 Equipment $160,000 Cash $80,000 Accounts Receivable $100,000 Buildings $240,000 Common Stock $340,000 Retained Earnings $70,000 On January 2, 2016, Montauk collected $50,000 of its Accounts Receivable and paid $20,000 of its Accounts Payable. In the trial balance prepared on January 3, 2016, what is the total of the debit column

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Montauk Oil Co. reports these account balances on December 31, 2015 Accounts Payable $110,000 Land $...

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