Following is the adjusted trial balance for Baker Services. accounts debt Credit in advance 31,100 dollars Accounts
Question:
Following is the adjusted trial balance for Baker Services.
accounts | debt | Credit |
in advance | 31,100 dollars | |
Accounts receivable | 30,000 | |
prepaid insurance | 3,500 | |
office materials | 3,200 | |
Kara | 49,000 | |
Bina | 150,000 | |
Accumulated Depreciation—Building | 14,500 dollars | |
Equipment | 77,000 | |
Accumulated Depreciation—Equipment | 7,000 | |
Accounts payable | 25,000 | |
Salaries Payable | 2,000 | |
unearned income | 26,000 | |
Mortgage payable | 106,000 | |
Baker, Capital | 24,500 | |
Baker, Withdrawal | 23,000 | |
Service income | 275,000 | |
Salary expenses | 64,000 | |
Depreciation Expense—Building and Equipment | 5,600 | |
Material Expense | 11,000 | |
insurance cost | 14,600 | |
Utilities Expense | 18,000 | |
Total | 480,000 $ | 480,000 $ |
No new capital contribution was made during the year. After closing entries are submitted.
What is the balance in Baker, Capital? Please show your calculations.
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina