Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An adjusted trial balance is shown below. View the adjusted trial balance. LOADING... What will the final balance in Capital be after the closing entries?

An adjusted trial balance is shown below. View the adjusted trial balance. LOADING... What will the final balance in Capital be after the closing entries? Question content area bottom Part 1 A.$ 36 comma 800 $36,800 B.$ 12 comma 700 $12,700 C.$ 24 comma 000 $24,000 D.$ 37 comma 800 $37,800Cash $12,600 Accounts receivable 2,400 Prepaid rent 800 Inventory 28,000 Accounts payable $4,200 Salary payable 1,000 Notes payable 800 Capital 13,800 Withdrawals 1,000 Sales revenue 96,000 Sales returns and allowances 1,600 Sales discounts 400 Cost of goods sold 25,000 Salary expense 21,000 Rent expense 14,000 Amortization expense 8,500 Supplies expense 500 Total 115,800 115,800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Finance For Non Specialists

Authors: Eddie McLaney

9th Edition

1292062711, 9781292062716

More Books

Students also viewed these Accounting questions

Question

a. What is the title of the position?

Answered: 1 week ago