Kizspy | Question: 15
(Choose 1 answer)
(1890)
The J. Godfrey, Capital account has a credit balance of $17,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and withdrawals are $9,000, what is the ending balance in the J. Godfrey, Capital account after all closing entries are made?
A. $ 8,000.
Β. $15,400.
C. $23,400.
D. $17,000.
Ε. $32,400.
