Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 20) an adjusted trial balance is given below. debi

20) An adjusted trial balance is given below. Debit Credit Cash Accounts Receivable Prepaid Remt...

70.2K

Verified Solution

Question

Accounting

image
20) An adjusted trial balance is given below. Debit Credit Cash Accounts Receivable Prepaid Remt Merchandise Invento Accounts Payable $13,000 2,000 ry 25 $4,100 2,000 800 8,000 3,800 alaries Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Salaries Expense Rent Expense Selling Expense Delivery Expense Supplies Expense Total 1,000 86,900 23,000 18,000 12,000 8,500 1,800 $105,600 $105,600 What will be the final balance in the corporation's Retained Earnings account after recording the closing entries? A) $26,800 B) $2,800 C) $25,800 D) $14,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Solve the following boundary value problem by Laplace Transform. (If you solve with another method you will...

Basic Math
Q

Identify the single most acidic or basic principle species in each of the following solutions. Calculate...

Chemistry
Q

Q- A manufacturer of outdoor clothing makes wax jackets and trousers. Each jacket requires 1 hour...

Advance Math
Q

How does family firm differ from state owned enterprises?

General Management
Q

Brett, a sales person at Arya Sunshine Tours, sold a vacation package to Chelsea andher...

Basic Math
Q

The hypotenuse of an isosceles right triangle is 18 centimeters longer than either of its...

Basic Math
Q

Solve for x: -15?- 6x-11 ? - 11Write your answer in interval notation:

Algebra
Q

I am having great difficulty understanding ethic case AP11-5 for financial accounting. We are to...

Accounting
Q

East Corporation's computation of cost of goods sold is: Beginning inventory...

Accounting
Q

There are (3) problems total, need help solving this. Project Problem 1...

Accounting
Q

Licnep Ltd. has three major product lines, soda, juice and ice cream. Licnep is considering...

Accounting
Q

Define the concept of MANAGEMENT MANAGER and the LEVELS OF MANAGERS

Accounting