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If Office supply has debit postings of $20,000, credit postings of $12,000, and a normal ending balance of $14,000

If Office supply has debit postings of $20,000, credit postings of $12,000, and a normal ending balance of $14,000, what was its beginning balance (in $) and in which sides (choose Dr. or Cr.)? $ Dr. / Cr.

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Expert Solution

Answer- Its beginning balance was = Credit postings of Office supply+ Ending balance of Office supply - Debit postings of Office supply

= $12000+$14000-$20000

= $6000

Its beginning balance is debit (Dr.) sides of $6000.

ekkarill92 answered 2 years ago
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