Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
7 years ago
The following is the adjusted trial balance for Becker Photography.

Accounts   Debit   Credit
Cash   $88,600   
Accounts Receivable   29,000   
Prepaid Insurance   3,500   
Office Supplies   3,200   
Building   130,000   
Accumulated DepreciationBuilding      $17,500
Equipment   77,000   
Accumulated DepreciationEquipment      9,000
Land   47,000   
Accounts Payable      25,000
Salaries Payable      5,000
Unearned Revenue      27,000
Mortgage Payable      103,000
Common Stock      16,000
Retained Earnings      11,500
Dividends   25,000   
Service Revenue      301,000
Salaries Expense   62,000   
Depreciation ExpenseBuilding and Equipment   6,200   
Supplies Expense   11,000   
Insurance Expense   14,500   
Utilities Expense   18,000                
Total   $515,000   $515,000

After the closing entries, what will the final balance in Retained Earnings be?
A) $27,500
B) $25,000
C) $216,800
D) $175,800
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 441 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
#1
Top Poster
Posts: 1272
Rep: 267 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1408 People Browsing
 104 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 180
  
 253
  
 1652
Your Opinion
Where do you get your textbooks?
Votes: 372
Previous poll results: Who will win the 2024 president election?