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4 TB MC Qu. 05-75 (Algo) After closing the accounts, Retained... 10 points eBook Ask Shown below is an adjusted trial balance for Novelty Toys,
4 TB MC Qu. 05-75 (Algo) After closing the accounts, Retained... 10 points eBook Ask Shown below is an adjusted trial balance for Novelty Toys, Incorporated on December 31. Yeart: Novelty Toys, Incorporated Adjusted Triol Balance December 31, Year 1 Debit Credit Cash $ 15,480 Accounts Receivable 12,700 Office Equipment 22,300 Accumulated Depreciation $ 5,900 Accounts Payable 7,700 Capital Stock 22,400 Retained Earnings -- Dividends 7,480 Fees Earned 45,000 Salaries Expense 15,800 Advertising Expense 3,280 Depreciation Expense 4,200 Totals $ 81,800 $ 81,000 Print References After closing the accounts, Retained Earnings at December 31 equals. Multiple Choice $45.000 Zero. $21,800 $14.400
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