B Trial Balance December 31 Credit Debit $5,700 1,400 11,100 3,800 27,400 1 2 3 4 Cash 5 Accounts receivable 6 Notes receivable 7 Prepaid services 8 Office equipment 9 Accounts payable 10 Unearned ticket revenue 11 Common stock 12 Dividends 13 Ticket revenue 14 Rental revenue 15 Salaries expense 16 Untilities expense 17 Rent expense 18 Totals 19 7,600 4,400 37,000 1,600 7,200 1,700 2,800 2,400 1,700 $57,900 $57,900 Which formula does NOT correctly calculate total equity? Multiple Choice =+C11+C13+C14-B12-B15-B16-B17 =+B4+B5+B6+B7+B8-C9-C10 =+C13+C14+C11-B15-B16-B17 =SUM(B4:B8)-SUM(C9:C10) B Trial Balance December 31 Credit Debit $5,700 1,400 11,100 3,800 27,400 1 2 3 4 Cash 5 Accounts receivable 6 Notes receivable 7 Prepaid services 8 Office equipment 9 Accounts payable 10 Unearned ticket revenue 11 Common stock 12 Dividends 13 Ticket revenue 14 Rental revenue 15 Salaries expense 16 Untilities expense 17 Rent expense 18 Totals 19 7,600 4,400 37,000 1,600 7,200 1,700 2,800 2,400 1,700 $57,900 $57,900 Which formula correctly calculates net income? Multiple Choice =SUM(C13:C14)-SUM(B15:B17) =SUM(B13:C17) =SUM(B15:B17)-SUM(C13:C14) =SUM(C13:C14)-SUM(B12:B17)