The Adjusted Trial Balance of Sara's Photography Follows $~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~$ Sara's Photography TrialBalance

question 89

Essay

The adjusted trial balance of Sara's Photography follows:
$~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~$ Sara's Photography TrialBalance
$~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~$ December 31,2020
$\begin{array}{|l|r|r|}\hline & \text { Debit } & \text { Credit } \\\hline \text { Cash } & \$ 800 & \\\hline \text { Accounts receivable } & 1,400 & \\\hline \text { Office supplies } & 300 & \\\hline \text { Photography equipment } & 9,000 & \\\hline \text { Accumulated depreciation, photography } & & \\\hline \text { equipment } & & \$ 1,000 \\\hline \text { Accounts payable } & & 7,100 \\\hline \text { Sara Vegara, capital } & & 1,500 \\\hline \text { Sara Vegara, withdrawals } & 1,800& \\\hline \text { Photography revenue } & & 11,000 \\\hline \text { Supplies expense } & 500 \\\hline \text { Cleaning expense } & 100 \\\hline \text { Repairs expense } & 50 \\\hline \text { Developing expense } & 1,850 \\\hline \text { Rental expense } & \underline{2,000} &-\\\hline \text { Total } & \underline{\$ 17,800} & \underline{\$ 17,800} \\\hline\end{array}$ Prepare the necessary closing entries at December 31. What is the balance of Sara's capital account after the bookkeeper posts the closing entries?

---

Definitions:

Separate

To cause to move or be apart; dividing or distancing objects, individuals, or elements from one another.

Problem

A situation, question, or matter that is difficult to deal with or understand, often requiring a solution or deep consideration.

Preferred Narratives

The stories people tell about their lives that align with their values and goals, often highlighted in narrative therapy to foster positive change and identity development.

Agency

The capacity of individuals to act independently and make their own free choices.