Refer to the following adjusted trial balance after the first year of operations. Accounts Debit Credit...

 

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Refer to the following adjusted trial balance after the first year of operations. Accounts Debit Credit Cash $1,900 Accounts Receivable 8,500 Supplies 400 Equipment 19,300 Accumulated Depreciation-Equipment $3,000 Accounts Payable 1,200 Salaries Payable 750 Unearned Revenue Nathan, Capital Nathan, Withdrawals 600 3,900 1,000 Service Revenue 51,550 Salaries Expense 26,000 Supplies Expense 2,000 Total Depreciation Expense-Equipment What will the balance of Nathan, Capital account be after the closing entries are posted? 1,900 $61,000 $61,000 Refer to the following adjusted trial balance after the first year of operations. Accounts Debit Credit Cash $1,900 Accounts Receivable 8,500 Supplies 400 Equipment 19,300 Accumulated Depreciation-Equipment $3,000 Accounts Payable 1,200 Salaries Payable 750 Unearned Revenue Nathan, Capital Nathan, Withdrawals 600 3,900 1,000 Service Revenue 51,550 Salaries Expense 26,000 Supplies Expense 2,000 Total Depreciation Expense-Equipment What will the balance of Nathan, Capital account be after the closing entries are posted? 1,900 $61,000 $61,000

Answer rating: 100% (QA)

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