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Randall's Service Company Began Operations on January 1,2019 What Is the December 31,2019 Balance of Randall,Capital?
A) $58,000

Question 193

Multiple Choice

Randall's Service Company began operations on January 1,2019.The following Trial Balance was prepared on December 31,2019.Capital contributions during the year were $58,000. Randall's Service Company
Trial Balance
December 31, 2019
 Account Title Debit Credit Cash $25,400 Accounts Receivable 5,000 Prepaid Rent 1,200 Office Supplies 3,400 Land 45,000 Building 16,500 Equipment 23,000 Accounts Payable $15,000 Unearned Revenue 5,000 Notes Payable 25,000 Randall, Capital 58,000 Randall, Withdrawals 6,700 Service Revenue 80,300 Salaries Expense 35,000 Rent Expense 15.000 Office Expense 6,000 Repair Expense 1,100 Total $183,300$183,300\begin{array}{lc}\text { Account Title}&\text { Debit}&\text { Credit}\\\text { Cash } & \$ 25,400 \\\text { Accounts Receivable } & 5,000 \\\text { Prepaid Rent } & 1,200 \\\text { Office Supplies } & 3,400 \\\text { Land } & 45,000 \\\text { Building } & 16,500 \\\text { Equipment } & 23,000\\\text { Accounts Payable } && \$ 15,000 \\\text { Unearned Revenue } && 5,000 \\\text { Notes Payable } && 25,000 \\\text { Randall, Capital } && 58,000\\\text { Randall, Withdrawals } & 6,700 \\\text { Service Revenue } &&80,300 \\\text { Salaries Expense } & 35,000 \\\text { Rent Expense } & 15.000\\\text { Office Expense } & 6,000 \\\text { Repair Expense } & \underline{1,100}&\underline{\quad\quad} \\\text { Total } & \underline{ \$ 183,300}& \underline{ \$ 183,300} \end{array} What is the December 31,2019 balance of Randall,Capital?


A) $58,000
B) $51,300
C) $74,500
D) $16,500

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