The Following Are the Current Month's Balances for ABC Financial

question 133

Multiple Choice

The following are the current month's balances for ABC Financial Services Company before preparing the trial balance. $$\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 9,000 \\\hline \text { Revenue } & 5,000 \\\hline \text { Cash } & 2,000 \\\hline \text { Expenses } & 15,500 \\\hline \text { Furniture } & 11,000 \\\hline \text { Accounts Receivable } & 12,000 \\\hline \text { Miller, Capital } & ? \\\hline \text { Notes Payable } & 6,500 \\\hline\end{array}$$ What amount should be shown for Miller,Capital on the trial balance?

• A) $42,000
• B) $20,000
• C) $15,500
• D) $25,000

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Definitions:

Obsessive-Compulsive

A condition characterized by uncontrollable, recurring thoughts (obsessions) and behaviors (compulsions) that an individual feels the urge to repeat over and over.

Paranoid

Characterized by excessive suspicion and distrust of others without adequate justification.

Diagnosed

The identification of the nature of an illness or other problem by examination of the symptoms.

Dependent

Relying on someone or something else for support, sustenance, or aid, often used in statistics to describe a variable affected by another.