Nash's Trading Post, LLC's trial balance reported the following balances at the end of its first...
Nash's Trading Post, LLC's trial balance reported the following balances at the end of its first year: Cash $10360 Prepaid insurance 520 Accounts receivable 2590 Accounts payable 2070 Notes payable 3110 Common stock 4000 Dividends 520 Revenues 21460 Expenses 12950 What amount did Nash's Trading Post, LLC's trial balance show as total credits?
Homework Answers
Solution:
Nash's Trading Post, LLC's trial balance show as total credits = Accounts payable + Notes Payable + Common stock + Revenues
= $2,070 + $3,110 + $4,000 + $21,460 = $30,640
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Nash's Trading Post, LLC's trial balance reported the following
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Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of...
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $12600 630 3150 2520 3780 6303 S ERIE NERE What amount did Metlock, Inc.'s trial balance show as total credits? O $37890 O $38520 O $36630 O $37260
Multiple Choice Question 141 Tamarisk, Inc.'s trial balance reported the following balances at the end of...
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Multiple Choice Question 221 The ledger account balances for Nash's Trading Post, LLC at December 31,...
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inment CALCULATOR FI Exercise 2-8 These financial statement items are for Nash's Trading Post, LLC at...
inment CALCULATOR FI Exercise 2-8 These financial statement items are for Nash's Trading Post, LLC at year-end, July 31, 2017. Salaries and wages payable $ 3,080 Salaries and wages expense 58,500 Supplies expense 16,600 Equipment 19,500 Accounts payable 4,100 Service revenue 67,100 Rent revenue 9,500 Notes payable (due in 2020) 2,800 Common stock 16,000 Cash 30,200 Accounts receivable 10,780 Accumulated depreciation-equipment 7,000 Dividends 4,000 Depreciation expense 5,000 Retained earnings (beginning of the year) 35,000 Prepare an income statement for the...
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $12600 630 3150 2520 3780 6303 S ERIE NERE What amount did Metlock, Inc.'s trial balance show as total credits? O $37890 O $38520 O $36630 O $37260
Multiple Choice Question 141 Tamarisk, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $14560 730 3640 2910 4370 5620 730 30160 18200 What amount did Tamarisk, Inc.'s trial balance show as total credits? $43060 $42330 $44520 $43790
Multiple Choice Question 221 The ledger account balances for Nash's Trading Post, LLC at December 31, 2022 are as follows: Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $310 524 84 190 4100 610 386 1300 1410 3100 1100 510 If all accounts have normal balances, what would be total debits on the trial balance at December 31, 2022? $7050 $7420 $6818 $6664 Policy...
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
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