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  3. 1 15 points debit book shown below is an adjusted

1 15 points Debit BOOK Shown below is an adjusted trial balance for Novelty Toys,...

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Accounting

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1 15 points Debit BOOK Shown below is an adjusted trial balance for Novelty Toys, Incorporated on December 31, Yeart Novelty Toys, Incorporated Adjusted Trial Balance December 31, Year 1 Credit Cash $ 15,250 Accounts Receivable 12,625 Office Equipment 22,000 Accumulated Depreciation $ 5,750 Accounts Payable 7,625 Capital Stock 22,250 Retoined Earnings -- Dividends 7,250 Fees Earned 44,250 Salaries Expense 15,500 Advertising Expense 3,125 Depreciation Expense 4,125 Totals $ 79,875 $ 79,875 Ask Print Peterences The income Summary will have what balance before it is closed? Multiple Choice $21.500 O $22050 Zero $22.300

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