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cc Winrow Company showed the following balances at the end of its first year: Cash $11,000...

cc

Winrow Company showed the following balances at the end of its first year:


Cash $11,000
Prepaid insurance 500
Accounts receivable 2,500
Accounts payable 2,000
Notes payable 3,000
Common stock 5,000
Dividends 500
Revenues 17,000
Expenses 12,500



What did Winrow Company show as total credits on its trial balance

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Answer #1

Answer:

Accounts having credit balance in trail balance are:

particulars In $
Accounts payable 2,000
Notes payable 3,000
Common stock 5,000
Revenues 17,000
Total 27,000((ans)
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