Alter Closing Temporary Accounts in the following Trial Balance, what will the final balance of RE be? Account CR Cash $40,000 DR A/R 20,000 Rent Exp 12,000 Dividends 5,000 Sales Return 8,000 15,000 Wage Exp Capital $20,000 A/P Unearned Revenue 10,000 5,000 35,000 30,000 Sales RE at the beginning Do not put "$" and "" in your answer. Answer is a whole number. Answer: If you use Unit-Production method for the measurement of depreciation, which year will have the maximum depreci a. Second year O b. Last Year We cannot identify unless we have more information O d. First Year The cost principle requires that when assets are acquired, they be recorded at a. their cost. b. list price c. exchange price paid. O d. appraisal value