1. Denton Company showed the following balances at the end of its first year: Cash $ 7,000 Prepaid insurance 700 Accounts receivable 3,500 Accounts payable 2,800 Notes payable 4,200 Denton, Capital 1,400 Denton, Drawing 700 Revenues 21,000 Expenses 17,500 What did Denton Company show as total credits on its trial balance? a. $30,100 b. $29,400 C. $28,700 d. $30,800 2 Cerner Company showed the following balances at the end of its first year. Cash $ 5,000 Prepaid insurance 500 Accounts receivable 2,500 Accounts payable 2,000 Notes payable 3,000 Cerner, Capital 1,000 Cerner, Drawing 500 Revenues 15,000 Expenses 12,500 What did Cerner Company show as total credits on its trial balance? a. $21,500 b. $21,000 C. $20,500 d. $22,000 During February 2008, its first month of operations, the owner of Rutwing Enterprises invested cash of $25,000. Rutwing had cash revenues of $4,000 and paid expenses of $7,000. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28? a. $3,000 credit b. $22,000 debit C. $29,000 debit d. $18,000 credit