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On December 31, 2016, Everett Corporation had the following account balances in its general ledger: Cash Service Revenue $ 28,000 146,000 Advertising Expense 24,000
On December 31, 2016, Everett Corporation had the following account balances in its general ledger: Cash Service Revenue $ 28,000 146,000 Advertising Expense 24,000 Accounts Receivable 40,000 Salaries Payable 4,000 Land 30,000 Retained Earnings, 1/1/2016 16,000 Salaries Expense 56,000 Common Stock 20,000 8,000 Dividends Prepare an adjusted trial balance for Everett Corporation at December 31, 2016, and determine the correct statement. Multiple Choice The total debits equal $206,000. Equal debits and credits in the trial balance ensure that there are no errors in the accounting records. The total debits equal $178,000. The total debits equal $186,000.
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