Question
A company's financial records report the following accounts and balances at the end of the year: Accounts payable $3,200 Accounts receivable 3,900 Cash 13,300
A company's financial records report the following accounts and balances at the end of the year: Accounts payable $3,200 Accounts receivable 3,900 Cash 13,300 Common stock 4,800 Dividends 1,400 Interest expense 17,700 Notes payable 4,400 Prepaid insurance 1,900 Retained earnings 1,600 Service revenue 24,200 What would the company show as its total credits on its trial balance?
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
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