Compute the total credit amount in dollars for the partial trial balance based on the following...
Compute the total credit amount in dollars for the partial trial balance based on the following data.
Cash 9,400
Accounts receivable 14,800
Prepaid insurance 350
Accounts payable 2,000
Notes payable 5,800
Common stock 3,000
Dividends 400
Revenues 28,300
Expenses 17,200
Homework Answers
| Credit amount in Trial balance | |
| Particulars | Credits Amount |
| Accounts payable | 2000 |
| Notes payable | 5800 |
| Common Stock | 3000 |
| Revenue ( Reserves & Surplus) | 28300 |
| Total | 39100 |
| Credit Amount | $39100 |
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Compute the total credit amount in dollars for the partial trial
balance based on the following...
Based on the following adjusted trial balance: Garnet & Gold Corporation Adjusted Trial Balance As of...
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Refer to the following adjusted trial balance after the first year of operations. Credit Debit $1,900...
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cc Winrow Company showed the following balances at the end of its first year: Cash $11,000...
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Multiple Choice Question 141 Tamarisk, Inc.'s trial balance reported the following balances at the end of...
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
Based on the following adjusted trial balance: Garnet & Gold Corporation Adjusted Trial Balance As of December 31 Debit Credit Cash $ 800 Accounts Receivable 200 Inventory 3,000 Building 30,000 Accumulated Depreciation $ 2,000 Notes Payable 1,000 Common Stock 21,000 Retained Earnings 6,000 Dividends 2,000 Revenues 8,000 Selling and Administrative Expense 1,000 Insurance Expense 1,000 $ 38,000 $ 38,000 Determine the amount that will be reported as retained earnings on the post-closing trial balance. O $2.000 0 $14.000 O $10,000...
Refer to the following adjusted trial balance after the first year of operations. Credit Debit $1,900 - 200 2,000 20.300 Accounts Cash Accounts Receivable Office Supplies Prepaid Insurance Expense Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock - Dividends Sales Revenue Salaries Expense Cost of Goods Sold Supplies Expense Depreciation Expense Total $2.000 1,000 850 400 3,600 3,000 55,150 23,000 1,500 500 1.700 $63.000 $63.000 What will the balance of the Retained Earnings account be after...
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