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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Definitions:

Isomerases

Enzymes that catalyze the rearrangement of atoms within a molecule, often crucial in metabolic pathways.

Isomeric Form

Variants of a molecule that have the same molecular formula but differ in the arrangement of atoms within the molecule or in their spatial orientation.

Enzyme

Biological molecules that significantly speed up the rate of virtually all the chemical reactions within cells.

Molecule

The smallest unit of a chemical compound that can exist; composed of two or more atoms held together by covalent bonds.