The Adjusted Balances for Windsor Co

question 38

Multiple Choice

The adjusted balances for Windsor Co. are listed below. ​
Cash, $10,000
Accounts Receivable, $1,250
Prepaid Insurance, $1,750
Equipment, $7,500
Accumulated Depreciation, $1,000
Accounts Payable, $2,000
T. Windsor, Capital, $15,000
J. Windsor, Drawing, $5,000
Income from Services, $17,500
Wages Expense, $6,000
Rent Expense, $4,000
​
After recording the closing entries, what would be the balance of the capital account?

• A) $35,000
• B) $12,500
• C) $17,500
• D) $10,000

---

Definitions:

Electrolux AB

A leading global appliance company known for its various home and professional-use products, including refrigerators, dishwashers, washing machines, and vacuum cleaners.

Functional Design

Refers to an organizational structure where departments are divided based on their function (e.g., marketing, finance, HR), focusing on specialization and operational efficiency.

Diverse Products

A range of products that vary significantly in their functions, uses, or characteristics, catering to different consumer needs or preferences.

Electrolux

A global leading company in home and professional appliances, known for its innovative and sustainably designed products.