An adjusted trial balance is given below.

What will be the final balance in the company's Owner,Capital account after recording the closing entries?
A)$38,100
B)$39,600
C)$26,300
D)$2,300

Question

An adjusted trial balance is given below.

What will be the final balance in the company's Owner,Capital account after recording the closing entries?
A)$38,100 
B)$39,600 
C)$26,300 
D)$2,300

Quizplus · Accepted Answer

A)
Calculation of Owner,Capital balance:
 11ea8a42_4f2c_9e01_8b44_795f62698d64_TB5024_00 Calculation of Net Income*
 11ea8a42_4f2c_9e02_8b44_4b94235f1d10_TB5024_00 Less:
 11ea8a42_4f2c_9e03_8b44_af9375d6f10d_TB5024_00

An Adjusted Trial Balance Is Given Below