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Luis is a new accountant. He prepared a listing of all the accounts and their balances. What would be the total credits on the Trial
Luis is a new accountant. He prepared a listing of all the accounts and their balances. What would be the total credits on the Trial Balance given the following accounts and balances (assume all accounts have normal balances)?
Cash | 10,000 |
Accounts Receivable | 5,000 |
Supplies | 2,000 |
Wages Payable | 3,000 |
Notes Payable | 5,000 |
Common Stock | 4,000 |
Retained Earnings | 5,000 |
Dividends | 2,000 |
Sales Revenue | 7,000 |
Utilities Expense | 2,000 |
Wages Expense | 3,000 |
30,000 | |
24,000 | |
29,000 | |
15,000 |
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