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Baldwin's December 31, 2020 adjusted trial balance is below. When the post-closing trial balance is prepared on December 31, 2020, what is the total
Baldwin's December 31, 2020 adjusted trial balance is below. When the post-closing trial balance is prepared on December 31, 2020, what is the total amount of debits and credits to balance? Column1 Debit Credit Cash 105,000 Accounts receivable 250,000 Inventories 70,000 Supplies 10,000 Equipment 50,000 A/D equipment 20,000 Accounts payable 60,000 Accrued expenses 30,000 Unearned revenue 90,000 Common stock 300,000 Retained earnings 200,000 Dividends 15,000 Service revenue 120,000 Rent revenue 90,000 Salaries expense 280,000 Advertising expense 45,000 Office expense 85,000 Totals 910,000 910,000 A $585,000 B. $485,000 C. $685,000 D. $485,000 E. $500,000
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