If the following accounts have normal balances at the business year end, what will the...
60.1K
Verified Solution
Link Copied!
Question
Accounting
If the following accounts have normal balances at the business year end, what will the trial balance total debits and total credits both equal.
Supplies Inventory $ 4,120
Prepaid Expenses 2,800
Accounts Payable 6,700
Rent Expense 9,100
Accounts Receivable 5,400
Notes Payable 7,300
Cash 10,240
Salaries Expense 54,000
Revenue 121,650
Advertising Expense 3,900
Equipment 67,230
Owner's Capital 78,450
Owner's Drawings 32,000
Supplies Expenses 20,600
Office Expenses 4,710
If the following accounts have normal balances at the business year end, what will the trial balance total debits and total credits both equal.
Supplies Inventory $ 4,120
Prepaid Expenses 2,800
Accounts Payable 6,700
Rent Expense 9,100
Accounts Receivable 5,400
Notes Payable 7,300
Cash 10,240
Salaries Expense 54,000
Revenue 121,650
Advertising Expense 3,900
Equipment 67,230
Owner's Capital 78,450
Owner's Drawings 32,000
Supplies Expenses 20,600
Office Expenses 4,710
$214,100
$422,890
$428,200
$213,500
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.