The Following Normal Account Balances Were Found on the General

question 20

Multiple Choice

The following normal account balances were found on the general ledger before closing entries were prepared: $$\begin{array} { | l | l | } \hline \text { Revenue } \$ 800 & \text { Cash } \$ 500 \\\hline \text { Expenses } \$ 400 & \text { Accounts Receivable } \$ 350 \\\hline \text { Capital } \$ 7,500 & \text { Withdrawals } \$ 1,000 \\\hline\end{array}$$ After closing entries are posted,what is the balance in the Revenue account?

• A)$800
• B)$0
• C)$300
• D)Closing entries do not affect Revenue.

---

Definitions:

Confidence Interval

A series of outcome numbers, from sample statistics, expected to contain within the unknown value of a population attribute.

Democratic Candidate

A person seeking or nominated for election representing the Democratic Party in the United States.

Confidence Interval

An interval estimate of a population parameter that is computed from sample data, indicating the reliability of an estimate.

Normally Distributed

Describes a dataset whose distribution forms a symmetric, bell-shaped curve when plotted, with most data near the mean.