The following information is available for the Noir Detective Agency. After closing entries are posted, what will be the balance in the G. Noir, Capital account? $\begin{array}{lrr}
\text { Net Loss } & \$ 17,600 \
\text { G. Noir, Capital } & 289,000\
\text { G. Noir, Withdrawals }&32,000
\end{array}$
A)$303,400.
B)$289,000.
C)$239,400.
D)$274,600.
E)$257,000.

Question

Quizplus · Accepted Answer

The balance in the G. Noir, Capital account will be $239,400. This is because the net loss of $17,600 and the withdrawals of $32,000 will both decrease the capital account balance.