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Constable Company reported the following information at December 31, Year 1: Accounts Payable $ 4,650 Accounts Receivable 9,500 Cash 24,990 Common Stock 91,500 Equipment 51,000

Constable Company reported the following information at December 31, Year 1:

Accounts Payable $ 4,650
Accounts Receivable 9,500
Cash 24,990
Common Stock 91,500
Equipment 51,000
Inventory 32,700
Notes Payable due December 31, Year 3 2,650
Retained Earnings, December 31, Year 1 14,240
Wages Payable 5,150

What is the total of the credit balance accounts?

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Constable Company reported the following information at December 31, Year 1: Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable due December 31, Year 3 Retained Earnings, December 31, Year 1 Wages Payable $ 4,650 9,500 24,990 91,500 51,000 32,700 2,650 14,240 5,150 What is the total of the credit balance accounts? Multiple Choice $110,390 $105,740 $118,190 $115,540

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