Solved

Randall's Service Company Began Operations on January 1,2019

Question 78

Multiple Choice

Randall's Service Company began operations on January 1,2019.The following Trial Balance was prepared on December 31,2019.Capital contributions during the year were $58,000. Randall's Service Company began operations on January 1,2019.The following Trial Balance was prepared on December 31,2019.Capital contributions during the year were $58,000. What is the December 31,2019 balance of Randall,Capital? A) $58,000 B) $51,300 C) $74,500 D) $16,500 Randall's Service Company began operations on January 1,2019.The following Trial Balance was prepared on December 31,2019.Capital contributions during the year were $58,000. What is the December 31,2019 balance of Randall,Capital? A) $58,000 B) $51,300 C) $74,500 D) $16,500 What is the December 31,2019 balance of Randall,Capital?


A) $58,000
B) $51,300
C) $74,500
D) $16,500

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: An account is a detailed record of

Q8: When a business records an accrued utility

Q12: Which of the following is the final

Q50: Which of the following is a source

Q73: Which of the following journal entries would

Q79: A payment of an expense in advance

Q135: What are two ways in which a

Q154: Accounts Receivable is a(n)_ account and has

Q160: Which of the following is assessed using

Q197: A business repays the amount borrowed on