The Following Is the Adjusted Trial Balance for Baker Services

question 168

Multiple Choice

The following is the adjusted trial balance for Baker Services. $\begin{array}{|l|r|r|}\hline \text { Accounts } & \text { Debit } & \text { Credit }\\\hline \text { Cash } & \$ 31,100 \\\hline \text { Accounts Receivable } & 30,000 \\\hline \text { Prepaid Insurance } & 3,500 \\\hline \text { Office Supplies } & 3,200 \\\hline \text { Land } & 49,000 \\\hline \text { Building } & 150,000\\\hline \text { Accumulated Depreciation-Building } & & \$ 14,500 \\\hline \text { Equipment } & 77,000 & 7,000 \\\hline \text { Accumulated Depreciation-Equipment } & & 25,000 \\\hline \text { Accounts Payable } & & 2,000 \\\hline \text { Salaries Payable } & & 26,000 \\\hline \text { Unearned Revenue } & & 106,00 \\\hline \text { Mortgage Payable } & & 24,500\\\text { Baker, Withdrawals } & 23,000 & \\\hline \text { Service Revenue } & &275,000 \\\hline \text { Salaries Expense } & 64,000 & \\\hline \text { Depreciation Expense-Building and } & & \\\text { Equipment } & 5,600 & \\\hline \text { Supplies Expense } &11,000 & \\\hline \text { Insurance Expense } & 14,600 & \\\hline \text { Utilities Expense } &18,000 \\\hline \text { Total } & \$ 480,000 & \$ 480,000\\\hline \end{array}$
There were no new capital contributions during the year.After the closing entries are posted,what is the balance in Baker,Capital?

• A) $1,500
• B) $209,300
• C) $24,500
• D) $163,300

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Definitions:

Network Node

An individual electronic device in a network that can send, receive, or forward information.

Amplifies Signal

A process or device that increases the power, voltage, or current of a signal.

Derivative Action

In control systems, a feedback mechanism that is proportional to the rate of change of the error signal, used to predict and stabilize future system behavior.

Error Signal

A signal proportional to the difference between the actual output and the desired output.