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Marigold Company showed the following balances at the end of its first year: Cash $ 6080 Prepaid insurance 9470 Accounts receivable 6940 Accounts payable 5640
Marigold Company showed the following balances at the end of its first year:
Cash | $ 6080 |
Prepaid insurance | 9470 |
Accounts receivable | 6940 |
Accounts payable | 5640 |
Notes payable | 8360 |
Owner's Capital | 2710 |
Owner's Drawings | 1320 |
Revenues | 44000 |
Expenses | 34400 |
What is the total of accounts with credit balances for Marigold Company?
A) $60710
B)$ 62030
C) $ 52260
D)$ 70180
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