Chapter 4-The following is the adjusted trial balance for Baker Services. ...
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Accounting
Chapter 4-The following is the adjusted trial balance for Baker Services.
| Accounts | Debit | Credit |
| Cash | $31,100 |
|
| Accounts Receivable | 30,000 |
|
| Prepaid Insurance | 3,500 |
|
| Office Supplies | 3,200 |
|
| Land | 49,000 |
|
| Building | 150,000 |
|
| Accumulated DepreciationBuilding |
| $14,500 |
| Equipment | 77,000 |
|
| Accumulated DepreciationEquipment |
| 7,000 |
| Accounts Payable |
| 25,000 |
| Salaries Payable |
| 2,000 |
| Unearned Revenue |
| 26,000 |
| Mortgage Payable |
| 106,000 |
| Baker, Capital |
| 24,500 |
| Baker, Withdrawals | 23,000 |
|
| Service Revenue |
| 275,000 |
| Salaries Expense | 64,000 |
|
| Depreciation ExpenseBuilding and Equipment | 5,600 |
|
| Supplies Expense | 11,000 |
|
| Insurance Expense | 14,600 |
|
| Utilities Expense | 18,000 |
|
| Total | $480,000 | $480,000 |
There were no new capital contributions during the year. After the closing entries are posted, what is the balance in Baker, Capital? Please show your calculations:
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