Open the following T-accounts with their July 1 balances: Cash, debit balance $4,000; Accounts receivable $0; Equipment $0; Land, debit balance $29,000; Supplies $0; Accounts payable $0; Notes payable $0; London, capital, credit bal- ance $33,000; Service revenue $0; Utilities expense $0. Post the transactions of Exercise 2-16 to the T-accounts. Use the dates as posting references. Start with July 2.
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