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Brownlee Ltd Is a Newly Established Retail Store Selling Plumbing

Question 3

Multiple Choice

Brownlee Ltd is a newly established retail store selling plumbing hardware. Shown below are ledger accounts in T-account form, with entries made for the first three months of business.
Brownlee Ltd is a newly established retail store selling plumbing hardware. Shown below are ledger accounts in T-account form, with entries made for the first three months of business. What is the closing balance of the bank account? A) $100 000 B) $131 500 C) $170 000 D) $208 500
What is the closing balance of the bank account?


A) $100 000
B) $131 500
C) $170 000
D) $208 500

Correct Answer:

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