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Given the following adjusted trial balance: 1. Debit Credit Cash 1662 Account Receivable 2098 Inventory 3124 Prepaid Rent 86 Equipment 300 Accumulated Depreciation-Equipment 52 Accounts
Given the following adjusted trial balance:
1.
| Debit | Credit | |
| Cash | 1662 | |
| Account Receivable | 2098 | |
| Inventory | 3124 | |
| Prepaid Rent | 86 | |
| Equipment | 300 | |
| Accumulated Depreciation-Equipment | 52 | |
| Accounts payable | 82 | |
| Unearned Service Revenue | 122 | |
| Common Stock | 206 | |
| Retained Earnings | 6610 | |
| Service Revenue | 368 | |
| Interest Revenue | 56 | |
| Salaries and Wages Expense | 160 | |
| Travel Expense | 66 | |
| Total | 7496 | 7496 |
After closing entries have been posted, the balance in retained earnings will be:
a. $6440
b. $6612
c. $6980
d. $6808
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The Environmental Audit And Business Strategy Financial Times
Authors: Grant Ledgerwood
1st Edition
0273038508, 978-0273038504
