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An adjusted trial balance is given below. Debit Ccredit Cash $16,000 Accounts Receivable 3,000 Prepaid Rent 900 Merchandise Inventory 25,000 Accounts Payable $4,100 Salaries Payable
An adjusted trial balance is given below.
Debit | Ccredit | |
Cash | $16,000 | |
Accounts Receivable | 3,000 | |
Prepaid Rent | 900 | |
Merchandise Inventory | 25,000 | |
Accounts Payable | $4,100 | |
Salaries Payable | 2,000 | |
Notes Payable | 700 | |
Owners, Capital | 11,800 | |
Sale Revenue | 92,000 | |
Sales Return and Allowances | 1,000 | |
Sales Discounts | 600 | |
Cost of Goods Sold Salaries Expense | 21,000 18,000 | |
Rent Expense Selling Expense | 15,000 8,100 | |
Supplies Expense Total | 700 $110,800 | $110,800 |
What will be the final balance in the company's Owner, Capital account after recording the closing entries?
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