Credit 8 00:50:59 Debit $14,000 27,000 15,000 2,500 15,000 $3,000 25,000 3 4 Cash 5 Accounts receivable 6 Merchandise inventory 7 Prepaid insurance 8 Store equipment 9 Accumulated depreciation - Store equipment 10 Office equipment 11 Accumulated depreciation - Office equipment 12 Accounts payable 13 Notes payable - long term 14 Owner, Capital 15 Owner, Withdrawals 16 Sales 17 Sales discounts 18 Sales returns and allowances 19 Cost of goods sold 20 Selling expenses 21 General and administrative expenses 22 Interest expense 23 Totals 5,000 9,000 25,000 26,000 3,000 90,000 1,800 2,200 35,000 11,000 6,000 500 $158,000 $158,000 Which formula does NOT correctly calculate total equity? Multiple Choice SUM84:810)-89-311-812-813 Saved 3,000 90,000 15 Owner, Withdrawals 16 Sales 17 Sales discounts 18 Sales returns and allowances 19 Cost of goods sold 20 Selling expenses 21 General and administrative expenses 22 Interest expense 23 Totals 1,800 2,200 35,000 11,000 6,000 500 $158,000 $158,000 Which formula does NOT correctly calculate total equity? Multiple Choice -SUM(B4:810)-89-811-B12-B13 =SUM(B4:B10)-SUM(C4:C13) *+B23-SUM(C9:C13) =+C14+C16-B15-B17-B18-B19-B20-821-B22