Kenham Co. was organized on April 1, 2022. The company prepares monthly financial statements. The adjusted trial balance amounts at April 30 are shown below.

\begin{array}{lrlrr}&\text { Debit}&&\text {Credit }\\\hline\text { Cash } & \$ 6,700 & \text { Accumulated Depreciation- } & \\\text { Accounts Receivable } & 600 & \text { Equipment } & 850 \\\text { Prepaid Insurance } & 1,800 & \text { Notes Payable } & 5,000 \\\text { Supplies } & 1,000 & \text { Accounts Payable } & 1,510 \\\text { Equipment } & 15,000 & \text { Salaries and Wages Payable } & 400\\\text { Owner's Drawings } & 600 & \text { Interest Payable } & 550 \\\text { Salaries and Wages Expense } & 9,400 & \text { Owner's Capital } & 13,000 \\\text { Insurance Expense } & 1,200 & \text { Service Revenue } & 15,800 \\\text { Depreciation Expense } & 850 & \text { Rent Revenue } & 800\\\text { Supplies Expense } & 200 \\\text { Utilities Expense } & 510 \\\text { Interest Expense } & 50\\&\$37,910&&\$37,910\end{array}

What will be total owner's equity in the April 30,2022 balance sheet?
A) $ 12,400
B) $ 13,000
C) $ 16,790
D) $ 17,390

Which of the Following Is True Regarding the Adjusting Entry

Multiple Choice

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