Qwik Company showed the following balances at the end of its first year: Cash &n
Qwik Company showed the following balances at the end of its first year:
Cash $8,700
Prepaid insurance $9,400
A/R $7,000
A/P $5,800
Notes Payable $9,400
S.E. $2,300
Dividends $1,400
Revenues $44,000
Expenses $35,000
What did Qwik Company show as total credits on its trial balance?
Homework Answers
| total credits | |||||
| Accounts payable | 5,800 | ||||
| Notes payable | 9,400 | ||||
| Stockholders equity | 2,300 | ||||
| Revenues | 44,000 | ||||
| total credits | 61,500 | answer | |||
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Qwik Company showed the following balances at the end of its
first year:
Cash
&n
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