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:

People Management

The practice of recruiting, training, and overseeing employees in a workplace to maximize their performance.

Services

Intangible products provided to consumers, such as repairs, entertainment, or consultation, which do not result in ownership of anything physical.

Customer Experience Management

The method of creating and responding to interactions with customers in a way that fulfills or surpasses their expectations, aiming to boost satisfaction, loyalty, and support among them.

Internal Marketing

The promotion of a company’s objectives, products, and services to its employees, aiming to align customer and employee satisfaction.