Based on the Following Information,what Would Be the Total on the Credit

question 73

Multiple Choice

Based on the following information,what would be the total on the Credit side of a post- closing trial balance,assuming all accounts have a normal balance?
$\begin{array}{lrlr}\text { Cash } & \$ 6,754 & \text { Dividends } & \$ 2,000 \\\text { Accounts receivable } & 13,733 & \text { Consulting fees earned } & 13,718 \\\text { Office supplies } & 2,625 & \text { Rent expense } & 3,673 \\\text { Land } & 37,153 & \text { Salaries expense } & 6,64 \\\text { Office equipment } & 14,535 & \text { Telephone expense } & 560 \\\text { Accounts payable } & 6,463 & \text { Miscellaneous expense } & 280 \\\text { Common stock } & 54,490 & \text { Retained Earnings } & ?\end{array}$

• A) $61,516
• B) $74,671
• C) $74,800
• D) $87,955
• E) $81,263

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Definitions:

Closing Wording

The final phrases or sentences in a communication, designed to provide a clear end, summarize the main points, or establish next steps.

Adjustment Refusals

Responses in communication or negotiation characterized by rejecting proposed changes or requests for alteration.

Strategy Development

Strategy development involves creating plans and actions to achieve long-term goals and objectives, often within a business or organizational context.

General Plan

An overarching strategy or outline intended to achieve long-term goals.