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The Following Are the Current Month's Balances for Toys Galore

Question 144

Multiple Choice

The following are the current month's balances for Toys Galore, before preparing the trial balance.  Accounts Payable $8,000 Revenue 10,000 Cash 5,000 Expenses 1,750 Fumiture 12,000 Accounts Receivable 14,000 Tones, Capital ??? Notes Payable 6,50\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 8,000 \\\hline \text { Revenue } & 10,000 \\\hline \text { Cash } & 5,000 \\\hline \text { Expenses } & 1,750 \\\hline \text { Fumiture } & 12,000 \\\hline \text { Accounts Receivable } & 14,000 \\\hline \text { Tones, Capital } & ? ? ? \\\hline \text { Notes Payable } & 6,50 \\\hline\end{array} What amount should be shown for Jones, Capital on the trial balance?


A) $16,500
B) $8,250
C) $14,500
D) $31,000

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