diff --git a/bin/hledger-equity.hs b/bin/hledger-equity.hs
index 674ba42e5..db410ef76 100755
--- a/bin/hledger-equity.hs
+++ b/bin/hledger-equity.hs
@@ -70,11 +70,11 @@ main = do
         let ropts_ = ropts{accountlistmode_=ALFlat}
             q = queryFromOpts today ropts_
             (acctbals,_) = balanceReport ropts_ q j
-            balancingamt = negate $ sum $ map (\(_,_,_,b) -> b) acctbals
-            ps = [posting{paccount=a, pamount=b} | (a,_,_,b) <- acctbals]
+            balancingamt = negate $ sum $ map (\(_,_,_,b) -> normaliseMixedAmountSquashPricesForDisplay b) acctbals
+            ps = [posting{paccount=a, pamount=normaliseMixedAmountSquashPricesForDisplay b} | (a,_,_,b) <- acctbals]
                  ++ [posting{paccount="equity:opening balances", pamount=balancingamt}]
             enddate = fromMaybe today $ queryEndDate (date2_ ropts_) q
-            nps = [posting{paccount=a, pamount=negate b} | (a,_,_,b) <- acctbals]
+            nps = [posting{paccount=a, pamount=negate $ normaliseMixedAmountSquashPricesForDisplay b} | (a,_,_,b) <- acctbals]
                  ++ [posting{paccount="equity:closing balances", pamount=negate balancingamt}]
         putStr $ showTransaction (nulltransaction{tdate=addDays (-1) enddate, tdescription="closing balances", tpostings=nps})
         putStr $ showTransaction (nulltransaction{tdate=enddate, tdescription="opening balances", tpostings=ps})
diff --git a/tests/bin/equity.test b/tests/bin/equity.test
index d45be4916..bee32f40c 100644
--- a/tests/bin/equity.test
+++ b/tests/bin/equity.test
@@ -34,6 +34,42 @@ runghc ../../bin/hledger-equity.hs -f- -p 2016 assets liabilities
 
 >>>=0
 
+# Test aggregation of postings with prices
+runghc ../../bin/hledger-equity.hs -f- -p 2016 assets liabilities
+<<<
+Y2016
+01/31
+	liabilities:employer  $5,000.00
+	income:salary
+
+02/05
+	liabilities:employer  -$5,000.00 @ 0.95 EUR
+	expenses:tax  1,852.50 EUR
+	assets:bank  2,897.00 EUR
+	liabilities:employer
+
+02/29
+	liabilities:employer  $5,000.00
+	income:salary
+
+03/04
+	liabilities:employer  -$5,000.0 @ 0.93 EUR
+	expenses:tax  1,813.50 EUR
+	assets:bank  2,836.00 EUR
+	liabilities:employer
+>>>
+2016/12/31 closing balances
+    assets:bank              -5,733.00 EUR
+    liabilities:employer         -1.00 EUR
+    equity:closing balances
+
+2017/01/01 opening balances
+    assets:bank               5,733.00 EUR
+    liabilities:employer          1.00 EUR
+    equity:opening balances
+
+>>>=0
+
 # Verify effect of period
 runghc ../../bin/hledger-equity.hs -f- -p 2016 assets liabilities
 <<<