Splish Brothers Inc. reports the following ledger account balances at June 30, 2022: Cash $1842 Accounts...
Splish Brothers Inc. reports the following ledger account balances at June 30, 2022: Cash $1842 Accounts receivable 2898 Inventory 3894 Prepaid rent 96 Equipment 310 Accumulated depreciation-equipment 66 Accounts payable 906 Unearned rent revenue 132 Common stock 244 Retained earnings 6730 Service revenue 384 Interest revenue 68 Salaries and wages expense 170 Insurance expense 88 Assuming that all of the accounts have normal balances, what are total credits on the company’s trial balance at June 30, 2022?
Homework Answers
Total credits on the company’s trial balance at June 30, 2022 = Accumulated depreciation-equipment + Accounts payable + Unearned rent revenue + Common stock + Retained earnings + Service revenue + Interest revenue
= $ 66 + 906 + 132 + 244 + 6,730 + 384 + 68
= $ 8,530
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