The following information is available for the Travis Travel Agency. After these closing entries what will be the balance in the Jay Travis, Capital account?
A) $65,000.
B) $80,000.
C) $130,000.
D) $145,000.
E) $280,000.

Question

The following information is available for the Travis Travel Agency. After these closing entries what will be the balance in the Jay Travis, Capital account? 
A) $65,000. 
B) $80,000. 
C) $130,000. 
D) $145,000. 
E) $280,000.

Quizplus · Accepted Answer

The Answer of The following information is available for the Travis Travel Agency. After these closing entries what will be the balance in the Jay Travis, Capital account? 
A) $65,000. 
B) $80,000. 
C) $130,000. 
D) $145,000. 
E) $280,000.

The Following Information Is Available for the Travis Travel Agency