Question
Below is a partial list of account balances for LBJ Company: Cash $12000 Prepaid Insurance $1300 Accounts receivable $7000 Accounts payable $5000 Notes payable $9000
Below is a partial list of account balances for LBJ Company:
Cash $12000
Prepaid Insurance $1300
Accounts receivable $7000
Accounts payable $5000
Notes payable $9000
Common stock $22000
Dividends $2000
Revenues $45000
Expenses $35000
What did LBJ Company show as total debits?
a. $57300
b. $81000
c. $55300
d. 56000
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
