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This Question: 4 pts 10 of 25 (9 complete) The following are the current months 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

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Answer #1

Correct answer---(D) $27000

Trial balance

Debit

Credit

Accounts Payables

$   10,000.00

Revenue

$      3,000.00

Cash

$        6,000.00

Expenses

$      14,500.00

Furniture

$      13,000.00

Accounts receivables

$      11,000.00

Common stock (Balancing figure)

$   27,000.00

Notes payables

$      4,500.00

Totals

$      44,500.00

$   44,500.00

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