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Advanced Placement (AP), 21.10.2020 03:01 ninaaforever
Elite Inc. has the following balances: Cash ($1,000), Equipment ($10,000), Salaries payable ($5,000), Building ($15,000), Land ($50,000), Equity ($50,000), and Loan payable ($10,000). An accountant prepares a Trial Balance, and it does not tally due to an unknown error. Which amount would the accountant record in a suspense account?
A.
$12,000
B.
$11,000
C.
$13,000
D.
$9,000
E.
$10,500
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Answers: 2
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Elite Inc. has the following balances: Cash ($1,000), Equipment ($10,000), Salaries payable ($5,000)...
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