A company had a normal $51,000 cash balance on their adjusted trial balance. If revenues, expenses and dividends respectively were $91,000; $20,000 and $3,000 what amount of cash will be found on the post-closing trial balance?

A. $51,000 normal balance B. $165,000 normal balance C. $122,000 normal balance D. $119,000 normal balance

Question

A company had a normal $51,000 cash balance on their adjusted trial balance. If revenues, expenses and dividends respectively were $91,000; $20,000 and $3,000 what amount of cash will be found on the post-closing trial balance?

A. $51,000 normal balance B. $165,000 normal balance C. $122,000 normal balance D. $119,000 normal balance

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A company had a normal $51,000 cash balance on their adjusted trial balance. If revenues, expenses and dividends respectively were $91,000; $20,000 and $3,000 what

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