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Need help, Will upvote. Thank you! A trial balance will balance even if a journal entry to record the purchase of equipment for cash of
Need help, Will upvote. Thank you!
A trial balance will balance even if a journal entry to record the purchase of equipment for cash of $52800 is not posted. a $16100 cash dividend is debited to dividends for $16100 and credited to cash for $1610. O a $400 collection on accounts receivable is credited to accounts receivable for $400 without a corresponding debit. O a purchase of supplies for $586 on account is debited to supplies for $586 and credited to accounts payable for $568. Pharoah Company reports the following ledger account balances at June 30, 2022: $1832 2968 3794 96 370 64 976 Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned rent revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Insurance expense 138 232 6720 382 190 96 Assuming that all of the accounts have normal balances, what are total credits on the company's trial balance at June 30, 2022? O $8534 O $8598 O $8608 O $8512Step by Step Solution
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