The balance of the feed account in the Adjusted Trial Balance is $2,500. The financial adjustment to the feed account is for $3,500. What is the balance of the feed account in the Trial Balance?
A business has $5,000 of feed on hand. According to the Trial Balance, the balance of the feed account is $12,000.
Required:
Question: What is the amount of the financial adjustment to feed? Select the correct answer.
a) $5,000
b) $7,000
c) $12,000
d) $17,000
e) $60,000
f) None of the above
Note: Please show basic calculation