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The Following Normal Account Balances Were Found on the General

Question 79

Multiple Choice

The following normal account balances were found on the general ledger before closing entries were prepared: The following normal account balances were found on the general ledger before closing entries were prepared: After closing entries are posted, what is the balance in the Capital account? A) $7,800 B) $7,500 C) $6,800 D) Closing entries do not affect the Capital account. After closing entries are posted, what is the balance in the Capital account?


A) $7,800
B) $7,500
C) $6,800
D) Closing entries do not affect the Capital account.

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