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Chik Chik Company showed the following balances at the end of its first year: Cash 3000. Prepaid Insurance: 4700. Accounts Receivable: 3500. Accounts Payable: 2800.
Chik Chik Company showed the following balances at the end of its first year: Cash 3000. Prepaid Insurance: 4700. Accounts Receivable: 3500. Accounts Payable: 2800. Notes Payable: 4200. Common Stock: 1400. Dividends: 700. Revenues: 22000. Expenses: 17500.
What did Chik Chik Company show as total credits on its trial balance? Question 4 options: 1) $25,700 2) $30,400 3) $31,100 4) $35,100
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