1.The following are the current month's balances for Toys Galore:

Accounts payable	$9000
Revenue	12,000
Cash	3000
Expenses	1400
Furniture	14,000
Accounts receivable	13,000
Jones, capital	7250
Loan payable	4500

What is the profit for Toys Galore for the current month?

Select one:a.

$13,400

b.

$15,000

c.

$12,000

d.

$10,600

2.

The adjusted trial balance shows:

Select one:a.

revenues and expenses only

b.

amounts ready for the financial statements

c.

assets, liabilities and owners equity only

d.

amounts that may be out of balance