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Please Refer to the Following Adjusted Trial Balance A) $13,200
B) $14,500
C) $16,800
D) $10,200

Question 98

Multiple Choice

Please refer to the following adjusted trial balance.What will the final ending balance in the Capital account be after posting the closing entries?  Account  Debit  Credit  Cash $1,700 Accounts receivable 8,500 Supplies 100 Equipment 7,500 Accumulated $2,000 depreciation  Accounts payable 1,200 Salary payable 800 Unearned revenue 600 Capital 3,400 Drawing 2,300 Service revenue 40,000 Salary expense 24,000 Supplies expense 2,300 Depreciation expense 1,600$48,000$48,000\begin{array}{|l|r|r|}\hline\text { Account } &{\text { Debit }} &\text { Credit }\\\hline \text { Cash } & \$ 1,700 \\\hline \text { Accounts receivable } & 8,500 \\\hline \text { Supplies } & 100 \\\hline \text { Equipment } & 7,500 \\\hline \text { Accumulated } && \$ 2,000 \\\text { depreciation } & & \\\hline \text { Accounts payable } & & 1,200 \\\hline \text { Salary payable } & & 800 \\\hline \text { Unearned revenue } & & 600\\\hline \text { Capital } & & 3,400 \\\hline \text { Drawing } & 2,300 & \\\hline \text { Service revenue } & & 40,000 \\\hline \text { Salary expense } & 24,000 \\\hline \text { Supplies expense } & 2,300 \\\hline \text { Depreciation expense } & 1,600 \\\hline & \$ 48,000&\$48,000\\\hline\end{array}


A) $13,200
B) $14,500
C) $16,800
D) $10,200

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