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Accounts payable $4,400 4,200 Equipment Common stock Supplies expense Dividends 800 Revenues earned 1,600 Advertising expense QUESTION 6 Use the following information to answer the
Accounts payable $4,400 4,200 Equipment Common stock Supplies expense Dividends 800 Revenues earned 1,600 Advertising expense QUESTION 6 Use the following information to answer the next 5 questions: At the end of October (1st month of operations) the company had the following items shown in their trial balance: Cash Salary expense $4,000 1,800 1,400 1,000 $6,000 8,000 Accounts receivable 10,000 Supplies 1,200 Utilities expense What amount would be shown as total assets on the October 30 th balance sheet? $7,600 $13,600 $9,400 $21,600 What will be shown as the total expenses on the income statement for the month of October? $1,400 $3,000 $7,000 $8,600
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