After All Closing Entries Have Been Posted, the Revenue Account

question 29

Multiple Choice

After all closing entries have been posted, the revenue account will have a balance of

• A)$0.
• B)$70,000 credit.
• C)$70,000 debit.
• D)$3,500 credit.

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Definitions:

Muscle Cars

A term used to describe high-performance automobiles, typically American-made, with powerful engines designed for maximum acceleration and speed.

Biogenic Needs

Basic, physiological needs required for human survival, such as food, water, air, and shelter.

Psychogenic Needs

Psychological desires or needs that arise from the mental or emotional states of individuals, such as the need for recognition, esteem, or companionship.

Utilitarian Needs

Needs that are practical and functional in nature, emphasizing the utility and practical benefits of a product or service.