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View History Bookmarks Window Help edugen.wileyplus.com WPLUS Concord Corporation s that count be Return to Blackboard II U S Kimmel, Financial Accounting. De Help System Announcements RCES Multiple Choice Question 222 Concord Corporation reports the following ledger account balances at June 30, 2022: $1932 2818 3864 Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned rent revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Assuming that all of the accounts have normal balances, what are total credits on the company's trial balance at June 30, 20227 SOS 8606 Click you would like to show Work for this question: Doen Show Work Question Attempts of

Answer 1

The total credits on the company's trial balance at June 30,2022 is $ 8584. Refer the below image for more detailed solution with explanation.

on the company's trial ment: What are balance at the total credits June 30, 2022? Requirement Particulars (credit balances) Accumulated dep- equipment Accounts payable Unearned rent rever Common Stock Retained earnings service Revenue Interest Revenue Total credits - Amounts $ 62 $926 $ 144 4 222 $6770 & 382 $ 76 $8584 : option & is correct lice $8584) Note point : unearned revenue : It is money received from a customer for work that has not yet been performed unearned revenue is a liability for the recipient of the payment, Critical entry is cash Alc or To unearned revenue.