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Barnes Company showed the following balances at the end of its first year: Cash $14,000 Prepaid insurance 700 Accounts receivable 3,500 Accounts payable 2,800 Notes
Barnes Company showed the following balances at the end of its first year:
| Cash | $14,000 | |
| Prepaid insurance | 700 | |
| Accounts receivable | 3,500 | |
| Accounts payable | 2,800 | |
| Notes payable | 4,200 | |
| Common stock | 5,400 | |
| Dividends | 700 | |
| Revenues | 24,000 | |
| Expenses | 17,500 |
What did Barnes Company show as total credits on its trial balance?
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