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An entity showed the following balances at the end of its first year: Cash 60,000 Prepaid insurance 94,000 Accounts receivable 70,000 Accounts payable 56,000 Notes

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An entity showed the following balances at the end of its first year: Cash 60,000 Prepaid insurance 94,000 Accounts receivable 70,000 Accounts payable 56,000 Notes payable 84,000 Reynes, Capital 28,000 Reynes, Drawings 14,000 Revenues 440,000 Expenses 350,000 How much is the total credits to be presented in the trial balance? A 702,000 B 608,000 514,000 622,000

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