The following information is available for Crandall Company before closing the accounts. After all of the closing entries are made, what will be the balance in the Crandall, Capital account?
A) $115,000.
B) $225,000.
C) $264,000.
D) $186,000.
E) $956,000.

Question

The following information is available for Crandall Company before closing the accounts. After all of the closing entries are made, what will be the balance in the Crandall, Capital account? 
A) $115,000. 
B) $225,000. 
C) $264,000. 
D) $186,000. 
E) $956,000.

Quizplus · Accepted Answer

The Answer of The following information is available for Crandall Company before closing the accounts. After all of the closing entries are made, what will be the balance in the Crandall, Capital account? 
A) $115,000. 
B) $225,000. 
C) $264,000. 
D) $186,000. 
E) $956,000.

The Following Information Is Available for Crandall Company Before Closing