Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A business had the following account balances at year end Accounts receivable 21,700 Accounts payable 21,300 Unearned revenue 1,600 Cash 13,000 Service revenue 113,500

image text in transcribed

A business had the following account balances at year end Accounts receivable 21,700 Accounts payable 21,300 Unearned revenue 1,600 Cash 13,000 Service revenue 113,500 Flinn, Capital 53,900 Notes receivable 17,500 Salary expense 72,000 Flinn, Withdrawals 46,000 Supplies 4,200 15,900 Depreciation expense If all the accounts have normal balances, what is the total debit and credit balances for the trial Select one: O a. $186,200 O b. $190,300 Oc. $201,500 d. $159,500 6211 200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Financial Accounting

Authors: Christopher D. Burnley

2nd Canadian Edition

1119406927, 978-1119406921

More Books

Students also viewed these Accounting questions