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5) Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits? A) $2,000 debit, $2,000
5) Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits? A) $2,000 debit, $2,000 credit B) $1,200 debit, $1,200 credit C) $2,900 debit, $2,900 credit D) $3,900 debit, $3,900 credit 6) The left column of a financial statement is often used to A) subtotal numbers. B) show credits. C) show debits. D) show totals. 7) Which type of account would NOT be reported on the income statement? A) Revenue B) Withdrawals C) Expenses D) None of these answers are correct
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