The Following Information Is Available for the Travis Travel Agency

question 83

Multiple Choice

The following information is available for the Travis Travel Agency.After these closing entries what will be the balance in the Jay Travis,Capital account?
Total revenues………………. $125,000
Total expenses………………. 60,000
Jay Travis,Capital…………… 80,000
Jay Travis,Withdrawals……... 15,000

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

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Definitions:

Tablets

Portable computing devices featuring touchscreens and offering a wide range of applications.

Incomes of Tablet Users

The earnings or revenue associated with individuals who use tablets, potentially examined for market research or demographic studies.

Price of Online

The cost associated with purchasing goods or services through the internet, often reflecting digital marketplace dynamics.

Movie Rentals

The business of lending out films for a limited period, traditionally through physical media like DVDs, now predominantly through digital services.