Question: Sam Axe just started a business in tourism. Below see financials for the month end. Ending Balances - January 31, 2022 Accounts Payable Automobile
Sam Axe just started a business in tourism. Below see financials for the month end. Ending Balances - January 31, 2022 Accounts Payable Automobile Bank Loan Capital Invested in January Cash Interest Expense Axe, Capital, January 1, 2022 Axe, Withdrawals Maintenance Expense Miscellaneous Expense $1,200 $700 $800 Prepaid Insurance. $1,900 Salaries Expense $800 Service Revenue $8,500 Unearned Revenue. $4,000 Utilities Expense $500 What is the balance of the account Axe, Capital at January 31, 2022? Select one: $700 $34,400 $18,400 $19,900 $10,400 $800 $0 a. $24,800 b. $19,900 C. $0 d. $23,600
Step by Step Solution
3.53 Rating (143 Votes )
There are 3 Steps involved in it
The balance of the account Axe Capital at January 31 2022 ... View full answer
Get step-by-step solutions from verified subject matter experts
