Question: yunstructure.com Dec 30 umit Sacs Que An adjusted trial balance for a sole proprietorship is given below. There were no new capital contributions during the
yunstructure.com Dec 30 umit Sacs Que An adjusted trial balance for a sole proprietorship is given below. There were no new capital contributions during the year. Cash Accounts Receivable Prepaid Rent Merchandise Inventory Accounts Payable Salaries Payable Notes Payable Lorenzo Capital Lorenzo, Withdrawals Sales Revenue Cost of Goods Sold Salaries Expense Rent Expense Selling Expense Supplies Expense Total Debit Credit $14,000 5000 800 26,000 $4200 1500 600 8000 1000 98.500 23.000 19.000 15.000 8400 600 531200 $112800 What will be the final balance in the company's Lorenzo, Capital account after recording the closing entries? $39.500 S10.500 $31.000 57000 90 DD GE F 3: A $ 4 96 5 & 7 00. 3 6 9
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