Answer (Choose 1 answer)
(1890)
A. $ 8,000.
B. $15.400.
C. $23,400.
D. $17,000.
E. $32,400.
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?
Exit 32
