Homework Answers
| Correct Option C i.e. $31,750 | |
| Calculation of Total Debits | |
| Cash | 5,000 |
| Expenses | 1,750 |
| Furniture | 13,000 |
| Accounts Receivable | 12,000 |
| Total Debits | 31,750 |
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This Question: 4 pts The following are selected current month's balances for Allbright Enterprises. Accounts Payable...
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
The following are the current month's balances for selected accounts of Sandlin Marketing Company. Accounts Payable...
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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
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
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...
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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
Gold Enterprises showed the following balances at the end of its first year: Cash $ 4,000...
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Monet Design's trial balance contains the following balances: Revenue $725 Cash $424 Accounts Payable $283 Accounts...
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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
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
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
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
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 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...
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
Gold Enterprises showed the following balances at the end of its first year: Cash $ 4,000 Prepaid insurance 7,000 Accounts receivable 5,000 Accounts payable 5,000 Notes payable 6,000 Common stock 2,000 Dividends 1,000 Revenues 32,000 Expenses 25,000 What did Gold Enterprises show as total credits on its trial balance? a. $12,000 b. $44,000 C. $45,000 d. $50,000
Monet Design's trial balance contains the following balances: Revenue $725 Cash $424 Accounts Payable $283 Accounts Receivable $377 Expenses $207 What is the amount of total debits for this trial balance? O A. $1,291 OB. $1,526 OC. $1,008 OD. $490
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
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