Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 30) refer to the following adjusted trial balance

30) Refer to the following adjusted trial balance after the first year of operations. Credit...

50.1K

Verified Solution

Question

Accounting

image
image
30) Refer to the following adjusted trial balance after the first year of operations. Credit Debit $1,900 8,900 200 2 2,300 $2,000 1,000 Accounts Cash Accounts Receivable Office Supplies Equipment C Accumulated Depreciation - Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense - Equipment Total 400 3,600 850 400 3,600 3.000 55,150 23,000 2,000 1,700 $63.000 $63,000 What will the balance of the Retained Earnings account be after the closing entries are posted? A) $25,450 B) $28,450 C) $32,050 D) $31,450

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

P 14 Prove similarity statements ETX ZW and ZVXW are supplementary Complete the proof that...

Geometry
Q

A class survey in a large class for first-year college students asked, \"About how many minutes do...

Basic Math
Q

The Wind Mountain archaeological site is located in southwestern New Mexico. Wind Mountain was home to...

Statistics
Q

13. In hamsters, the CW allele produces a white-coat color phenotype. C is the wildtype...

Biology
Q

Which category of antidepressant drugs operates by blocking the enzyme that metabolizes catecholamines and serotonin...

Biology
Q

Water will to the xylem and connect to other water molecules by cohesion to facilitate...

Biology
Q

Convert 160 from degrees to radians9 radians8?/9 radians9/8? radians8? radians

Basic Math
Q

A grocery store has a discount of 13% off hand soap. At the same time,...

Basic Math
Q

The following table shows the rate of water flow (in L/min) through a dam.t (min)...

Calculus
Q

8 Solve the inequality 5 x x 1 AI

Algebra
Q

P12.3 (LO 1, 2, 5) (Accounting for Franchise, Patents, and Trademark) Information concerning Sandro Corporation's...

Accounting
Q

E15.11(LO 3)(Issuance, Exercise, and Termination of Stock Options) On January 1,2026, Titania Inc. granted stock...

Accounting