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Ayala Company showed the following balances at the end of Gits first year Cash $ 8,000 Prepaid insurance 500 Accounts receivable 2,500 Accounts payable 2.000

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Ayala Company showed the following balances at the end of Gits first year Cash $ 8,000 Prepaid insurance 500 Accounts receivable 2,500 Accounts payable 2.000 Notes payable 6,000 Share capital- ordinary 100 ordinary 1,000 Dividends 500 Revenues 15,000 Expenses 12,500 What did Ayala Company show as total credits on its ?trial balance $25,000 $23.500 $24.000 $24.500

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