Question
Jelly's Grocery Store showed the following account balances at the end of 2020: Cash $32,000 Accounts receivable 39,000 Accounts payable 27,000 Revenue 51,000 Rent expense
Jelly's Grocery Store showed the following account balances at the end of 2020:
| Cash | $32,000 |
| Accounts receivable | 39,000 |
| Accounts payable | 27,000 |
| Revenue | 51,000 |
| Rent expense | 2,000 |
| Insurance expense | 13,600 |
| Salary expense | 8,000 |
| Supplies | 25,000 |
| Jelly, capital | 49,600 |
| Jelly, withdrawals | 8,000 |
If all of the accounts have normal balances, what is the total of the trial balance?
Select one:
A. $186,600
B. $255,500
C. $119,600
D. $86,000
E. $127,600
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Auditing And Other Assurance Services
Authors: Alvin Arens, James Loebbecke, W Lemon, Ingrid Splettstoesser
9th Canadian Edition
0130091243, 978-0130091246
