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A company had a normal $50,000 cash balance on their adjusted trial balance. If revenues, expenses and dividends respectively were $90,000; $18,000 and $2,000 what amount of cash will be found on the post-closing trial balance?
A) $122,000 normal balance
B) $50,000 normal balance
C) $120,000 normal balance
D) $160,000 normal balance
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Financial Accounting

Financial Accounting


Edition: 3rd
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
Thank you for helping me with my accounting homework, will ask again
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