The Following Normal Account Balances Were Found on the General

question 79

Multiple Choice

The following normal account balances were found on the general ledger before closing entries were prepared: After closing entries are posted, what is the balance in the Capital account?

• A)$7,800
• B)$7,500
• C)$6,800
• D)Closing entries do not affect the Capital account.

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Definitions:

Dominant Force

The most powerful or influential factor in a particular situation or relationship.

Personality Traits

Enduring characteristics or qualities that form an individual's distinctive character and influence behavior in various situations.

Anxieties

Feelings of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Complexes

A collection of related emotions, memories, and thoughts in the unconscious mind that influence an individual's attitudes and behavior.