Question
The following is the adjusted trial balance for Tuttle Photography. Accounts Debit Credit Cash $20,000 Accounts Receivable 30,000 Prepaid Insurance 7,500 Office Supplies 3,200 Building
The following is the adjusted trial balance for Tuttle Photography. Accounts Debit Credit Cash $20,000 Accounts Receivable 30,000 Prepaid Insurance 7,500 Office Supplies 3,200 Building 150,000 Accumulated DepreciationBuilding $12,000 Equipment 75,000 Accumulated DepreciationEquipment 8,500 Land 50,000 Accounts Payable 20,000 Salaries Payable 4,000 Unearned service revenue 25,000 Mortgage Payable 100,000 R. Tuttle, Capital 21,290 R. Tuttle, Withdrawals 25,000 Service Revenue 289,000 Salaries Expense 64,000 Depreciation ExpenseBuilding and Equipment 6,150 Supplies Expense 14,040 Insurance Expense 14,000 Utilities Expense 20,900 Total $479,790 $479,790 After the closing entries, what will the final balance in R. Tuttle, Capital be? $25,000 $191,200 $21,290 $166,200
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