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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?
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 $115,540Step by Step Solution
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