Multiple Choice
The following information is available for the Travis Travel Agency.After these closing entries what will be the balance in the Jay Travis,Capital account?
Total revenues………………. $125,000
Total expenses………………. 60,000
Jay Travis,Capital…………… 80,000
Jay Travis,Withdrawals……... 15,000
A) $ 65,000.
B) $ 80,000.
C) $130,000.
D) $145,000.
E) $280,000.
Correct Answer:
Verified
Correct Answer:
Verified
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