The Following Information Is Available from the Adjusted Trial Balance

question 107

Multiple Choice

The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entries are posted, what will be the balance in the Sue Harris, Capital account? $ 125,00
$\begin{array}{lr}\text { Total revenues } & 0 \\\text { Total expenses } & 60,000 \\\text { Sue Harris, Capital } & 80,000 \\\text { Sue Harris, Withdrawals } & 15,000\end{array}$ $\begin{array}{lr}\text { Total revenues } & 0 \\\text { Total expenses } & 60,000 \\\text { Sue Harris, Capital } & 80,000 \\\text { Sue Harris, Withdrawals } & 15,000\end{array}$

• A)$130,000.
• B)$65,000.
• C)$80,000.
• D)$280,000.
• E)$145,000.

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Definitions:

Expectancies

Beliefs or assumptions about the likelihood of future events or outcomes.

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Crises

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