The adjusted trial balance showed the following account balances. Service revenue, $150,000; owners equity, $101,000;...
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Accounting
The adjusted trial balance showed the following account balances. Service revenue, $150,000; owners equity, $101,000; rent expense, $45,000; wage expense, $75,000; advertising expenses; $50,000, and owners drawing of $35,000. What is the balance of owners equity after closing entries are made?
a.$96,000.
b.$101,000.
c.$46,000.
d.$81,000.
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