A company's accountant is trying to prepare an adjusted trial balance from the list of accounts below.
Cash $ 12,000
Retained Earnings 31,000
Prepaid Rent 2,000
Salaries Expense 15,000
Equipment 68,000
Service Revenue 40,000
Miscellaneous Expense 10,000
Supplies 4,000
Dividends 3,000
Accounts Payable 5,000
Common Stock 38,000
What is the total amount of credits?
A) $111,000.
B) $81,000.
C) $114,000.
D) $86,000.
Answer: C
A company's accountant is trying to prepare an adjusted trial balance from the list of accounts below.
Cash $ 12,000
Retained Earnings 31,000
Prepaid Rent 2,000
Salaries Expense 15,000
Equipment 68,000
Service Revenue 40,000
Miscellaneous Expense 10,000
Supplies 4,000
Dividends 3,000
Accounts Payable 5,000
Common Stock 38,000
What is the total amount of debits?
A) $114,000.
B) $86,000.
C) $81,000.
D) $11,000.
Answer: A
Which of the following trial balances shows account balances that incorporate current year deferrals and accruals?
A) Adjusted trial balance.
B) Final trial balance.
C) Unadjusted trial balance.
D) Cash-basis trial balance.
Answer: A
