The following are selected current month's balances for Morgan, Inc. Accounts Payable $9,000 Revenue $11,000 Cash...
The following are selected current month's balances for Morgan, Inc.
| Accounts Payable | $9,000 |
| Revenue | $11,000 |
| Cash | $3,150 |
| Expenses | $1,600 |
| Furniture | $13,000 |
| Accounts Receivable | $16,000 |
| Common Stock | $7,250 |
| Notes Payable | $6,500 |
Based on this information, calculate the total amount of credits for the trial balance.
A. $26,500
B. $24,750
C. $22,750
D. $33,750
Homework Answers
Answer : D) $33,750
Total Credit Balance:
| Accounts Payable | 9,000 |
| Revenue | 11,000 |
| Common stock | 7,250 |
| Notes Payable | 6,500 |
| Total | 33,750 |
Add Answer to:
The following are selected current month's balances for Morgan,
Inc.
Accounts Payable
$9,000
Revenue
$11,000
Cash...
This Question: 4 pts The following are selected current month's balances for Allbright Enterprises. Accounts Payable...
This Question: 4 pts The following are selected current month's balances for Allbright Enterprises. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Allbright Capital Notes Payable $8,000 9,000 5,000 1,750 13,000 12,000 9.250 5,500 Based on this information, calculate the total amount of debits for the trial balance? O A. $26,750 OB. $25,000 OC. $31.750 OD. $30,000
The following are the current month's balances for selected accounts of Sandlin Marketing Company. Accounts Payable...
The following are the current month's balances for selected accounts of Sandlin Marketing Company. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Sandlin, Capital Notes Payable $6,000 8,000 1,050 1,200 11,000 15,000 10,250 4,000 What is the net income for Sandlin Marketing for the current month? A. $9,200 B. $6,800 O C. $9,050 OD. $8,000
can you show your work The following are the current month's balances for Jackson, Inc. Accounts...
can you show your work
The following are the current month's balances for Jackson, Inc. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 12,000 5000 1500 14,000 15,000 8250 4000 Calculate the total amount of credits for the trial balance. You Answered S24.250 Correct Answer DOLL
The following are the current month's balances for Adams Marketing Company Accounts Payable $7.000 Revenue 11.000...
The following are the current month's balances for Adams Marketing Company Accounts Payable $7.000 Revenue 11.000 Cash 3,000 Expenses 1,500 Furniture 14000 Accounts Receivable 14.000 Common Stock 10.250 Notes Payable 5.500 What is the net income for Adams Marketing for the current month 1. A) $11,000 2.B) 59.500 3. C) 512 500 4. DI$14,000
This Question: 4 pts 10 of 25 (9 complete) The following are the current month's balances...
This Question: 4 pts 10 of 25 (9 complete) The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 3,000 6,000 14,500 13,000 11,000 4,500 What amount should be shown for Common Stock on the trial balance? OA. $30,000 B. $14,500 O C. $46,000 O D. $27,000
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial...
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable $5,000 Revenue 3,000 Cash 2,000 Expenses 15,500 Furniture 13,000 Accounts Receivable 12,000 Common Stock Notes Payable 8,500 What amount should be shown for Common Stock on the trial balance? O A. $13,500 O B. $50,000 OC. $27,000 OD. $26.000
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial...
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 5,000 4,000 16,500 11,000 11,000 7,500 What amount should be shown for Common Stock on the trial balance? Which of the following statements is true of a trial balance? O A. A trial balance has the same format as a balance sheet. OB. A trial balance is prepared after the...
Score: 0 of 5 pts 2.4-13a The following are the current month's balances for ABC Financial...
Score: 0 of 5 pts 2.4-13a The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $6,000 5,000 3,000 15,500 10,000 12,000 7,500 What amount should be shown for Common Stock on the trial balance? O A. $22,000 O B. $13,500 OC. $25,000 OD. $45,000
cc Winrow Company showed the following balances at the end of its first year: Cash $11,000...
cc Winrow Company showed the following balances at the end of its first year: Cash $11,000 Prepaid insurance 500 Accounts receivable 2,500 Accounts payable 2,000 Notes payable 3,000 Common stock 5,000 Dividends 500 Revenues 17,000 Expenses 12,500 What did Winrow Company show as total credits on its trial balance
The following accounts and balances are taken from Moore Company's adjusted trial balance: Accounts Payable $9,000...
The following accounts and balances are taken from Moore Company's adjusted trial balance: Accounts Payable $9,000 Accounts Receivable $3,400 Accumulated Depreciation 1,000 Depreciation Expense 1,000 Dividends 2,600 Insurance Expense 2,600 Interest Revenue 1,040 Prepaid Insurance 2,220 Retained Earnings 10,900 Salary Expense 24,100 Service Revenue 38,800 What is the ending balance in Retained Earnings after the closing entries are completed?
This Question: 4 pts The following are selected current month's balances for Allbright Enterprises. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Allbright Capital Notes Payable $8,000 9,000 5,000 1,750 13,000 12,000 9.250 5,500 Based on this information, calculate the total amount of debits for the trial balance? O A. $26,750 OB. $25,000 OC. $31.750 OD. $30,000
The following are the current month's balances for selected accounts of Sandlin Marketing Company. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Sandlin, Capital Notes Payable $6,000 8,000 1,050 1,200 11,000 15,000 10,250 4,000 What is the net income for Sandlin Marketing for the current month? A. $9,200 B. $6,800 O C. $9,050 OD. $8,000
can you show your work
The following are the current month's balances for Jackson, Inc. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 12,000 5000 1500 14,000 15,000 8250 4000 Calculate the total amount of credits for the trial balance. You Answered S24.250 Correct Answer DOLL
The following are the current month's balances for Adams Marketing Company Accounts Payable $7.000 Revenue 11.000 Cash 3,000 Expenses 1,500 Furniture 14000 Accounts Receivable 14.000 Common Stock 10.250 Notes Payable 5.500 What is the net income for Adams Marketing for the current month 1. A) $11,000 2.B) 59.500 3. C) 512 500 4. DI$14,000
This Question: 4 pts 10 of 25 (9 complete) The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 3,000 6,000 14,500 13,000 11,000 4,500 What amount should be shown for Common Stock on the trial balance? OA. $30,000 B. $14,500 O C. $46,000 O D. $27,000
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable $5,000 Revenue 3,000 Cash 2,000 Expenses 15,500 Furniture 13,000 Accounts Receivable 12,000 Common Stock Notes Payable 8,500 What amount should be shown for Common Stock on the trial balance? O A. $13,500 O B. $50,000 OC. $27,000 OD. $26.000
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 5,000 4,000 16,500 11,000 11,000 7,500 What amount should be shown for Common Stock on the trial balance? Which of the following statements is true of a trial balance? O A. A trial balance has the same format as a balance sheet. OB. A trial balance is prepared after the...
Score: 0 of 5 pts 2.4-13a The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $6,000 5,000 3,000 15,500 10,000 12,000 7,500 What amount should be shown for Common Stock on the trial balance? O A. $22,000 O B. $13,500 OC. $25,000 OD. $45,000
Most questions answered within 3 hours.
-
The Cost of Equity and
Flotation Costs
Messman Manufacturing
will issue common stock to the public...
asked 34 seconds ago -
a) summarize the challenges facing New Britain today
b) identify some of its strengths
c) suggest...
asked 2 minutes ago -
**86 at 40 not 88. please show how got Tr in calculations thank
you
2) The...
asked 3 minutes ago -
McGlaun Company pays its employees every two weeks. The firm
last paid its employees on September...
asked 16 minutes ago -
You have been gifted a Mogwai as a pet and decide to do a little
online...
asked 21 minutes ago -
given the standard of 200 mg/dl and the absorbance of that
standard is 0.640. What is...
asked 24 minutes ago -
Exercise 8-51 Algo
An accounting professor is notorious for being stingy in giving
out good letter...
asked 32 minutes ago -
month
total distribution cost
level of activity (unit produced)
july
230.000
3500
august
250.000
3750
september...
asked 33 minutes ago -
A smoke detector system uses two devices, A and B. If smoke is
present, the probability...
asked 1 hour ago -
Your division head has assigned another important project to you
and your team. This project is...
asked 46 minutes ago -
Under normal use conditions, the Mean Time To Failure of a
heating coil can be modeled...
asked 1 hour ago -
Consider the probability that fewer than 34 out of 116 CDs will
be defective. Assume the...
asked 1 hour ago