The following adjusted trial balance was drawn from the records of the Dakota Company Adjusted Trial Balance Account Title Cash Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Operating Expenses Dividends Totals Debit Credit 400 1,000 400 300 200 1,100 500 100 2,000 2,000 Based on the Information in the adjusted trial balance Multiple Choice O the total of the debit column in the post-closing trial balance will be $2.000 O O the total of the debit column in the post-closing trial balance will be $1,400, the total of the credit column in the post-closing trial balance will be $2,000. O the total of the credit column in the post-closing trial balance will be $1,500.

The following adjusted trial balance was drawn from the records of the Dakota Company Adjusted Trial Balance Account Title Cash Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Operating Expenses Dividends Totals Debit Credit 400 1,000 400 300 200 1,100 500 100 2,000 2,000 Based on the Information in the adjusted trial balance Multiple Choice O the total of the debit column in the post-closing trial balance will be $2.000 O O the total of the debit column in the post-closing trial balance will be $1,400, the total of the credit column in the post-closing trial balance will be $2,000. O the total of the credit column in the post-closing trial balance will be $1,500.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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