An Adjusted Trial Balance Is Given Below

question 193

Multiple Choice

An adjusted trial balance is given below.

What will be the final balance in the company's Owner,Capital account after recording the closing entries?

• A)$38,100
• B)$39,600
• C)$26,300
• D)$2,300

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Definitions:

Change in Supply

The shift in the quantity of a good that suppliers are willing and able to sell, influenced by factors like costs of production, technology, or expectations of future prices.

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a given price over a specified period.

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity supplied, typically upward sloping.

Input Prices Rising

A condition where the costs of the raw materials and components needed for production increase.