The following are the year end balances in Sams ledgers: Sales $43,000...

50.1K

Verified Solution

Question

Accounting

The following are the year end balances in Sams ledgers:
Sales $43,000
Purchases $16,000
Equipment $22,000
Overdraft $8,000
Inventory $19,000
Capital $6,000
What is the trial balance total? (4%)
Solution:

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students