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
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) |
cc Winrow Company showed the following balances at the end of its first year: Cash $11,000...
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
DJ ULICU 43. Electrelane Company showed the following balances at the end of its first year: Cash $ 4,000 Prepaid insurance 7,000 Accounts receivable 5,000 Accounts payable 4,000 Notes payable 6,000 Common stock 2,000 Dividends 1,000 Revenues 32,000 Expenses 25,000 What did Electrelene Company show as total credits on its trial balance? A) $49,000 B) $9,000 C) $44,000 D) $45,000
Sheridan Company showed the following balances at the end of its first year: Cash $3930 Prepaid insurance 6900 Accounts receivable 4930 Accounts payable 3970 Notes payable 5980 Owner’s Capital 1990 Owner’s Dividends 920 Revenues 31200 Expenses 25200 What did Sheridan Company show as total credits on its trial balance? a $40130 b $43140 c $11920 d $43220
Qwik Company showed the following balances at the end of its first year: Cash $8,700 Prepaid insurance $9,400 A/R $7,000 A/P $5,800 Notes Payable $9,400 S.E. $2,300 Dividends $1,400 Revenues $44,000 Expenses $35,000 What did Qwik Company show as total credits on its trial balance?
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?
Question 1 (1 point) Equipment costing $20,000 machine is purchased by paying $5,000 cash and signing a note payable for the remainder. The journal entry should include a Barnes Company showed the following balances at the end of its first year: Cash $14,000 Prepaid insurance 700 Accounts 3,500 receivable Accounts payable 2,800 Notes payable 4,200 Common stock 5,400 Dividends 700 Revenues 24,000 Expenses 17,500 What did Barnes Company show as total credits on its trial balance?
Question 29 View Policies Current Attempt in Progress Novak Corp. showed the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $17080 850 4270 3420 5120 6590 850 35380 21350 What amount did Novak Corp.show as total credits? $50510 $51360 $52220 $49650
40&41 please 39. Preparing a trial balance: Barnes Company showed the following balances at the end of the reporting period: Cash $7,000 Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock 700 3,500 2,800 4,200 1,400 Dividends 700 Revenues 21,000 17,500 Еxpenses What did Barnes Company show as total credits in dollars on its trial balance? A) $30,800 B) $29,400 C) $30,100 D) $28,700 A company sells 150 units to their custo.ner at S10.00 each. If each unit of...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
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