The Following Is the Adjusted Trial Balance for Tuttle Photography

question 57

Multiple Choice

The following is the adjusted trial balance for Tuttle Photography.
$$\begin{array} { | l | l | l | } \hline \text { Accounts } &{ \text { Debit } } & \text { Credit } \\\hline \text { Cash } & \$ 81,000 & \\\hline \text { Accounts receivable } & 26,000 & \\\hline \text { Prepaid insurance } & 6500 & \\\hline \text { Office supplies } & 3400 & \\\hline \text { Building } & 130,000 & \\\hline \text { Accumulated depreciation - building } & & \$ 13,500 \\\hline \text { Equipment } & 70,000 & \\\hline \text { Accumulated depreciation -equipment } & & 9000 \\\hline \text { Land } & 47,000 & \\\hline \text { Accounts payable } & & 20,000 \\\hline \text { Salaries payable } & & 4000 \\\hline \text { Unearned service revenue } & & 22,000 \\\hline \text { Mortgage payable } & & 103,000 \\\hline \text { R. Tuttle, capital } & & 15,500 \\\hline \text { R. Tuttle, drawings } & 25,000 & \\\hline \text { Service revenue } & & 318,000 \\\hline \text { Salaries expense } & 61,000 & \\\hline \text { Depreciation expense - building and equipment } & 5 700 & \\\hline \text { Supplies expense } & 14,000 & \\\hline \text { Insurance expense } & 14,400 & \\\hline\text { Electricity and gas expense }& 21,000 \\\hline \text { Total } &\$505,000&\$505,000 \\\hline\end{array}$$
After the closing entries,what will the final balance in R.Tuttle,capital be?

• A) $227,400
• B) $192,400
• C) $25,000
• D) $25,500

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