Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Q/17 This is the list of accounts in the general ledger after adjustments are made. Prepare the adjusted trial balance. What is the total of

Q/17

This is the list of accounts in the general ledger after adjustments are made. Prepare the adjusted trial balance. What is the total of the credits on the adjusted trial balance?

Accounts Payable

$60,000

Cash

$80,000

Deferred income Tax

$20,000

Prepaid Insurance

$10,000

Capital Stock

$90,000

Sales Revenue

$40,000

Utilities Expense

$10,000

Dividends

$15,000

Supplies

$15,000

Interest Expense

$ 12,000

Plant Equipment

$65,000

Depreciation Expense

$10,000

Insurance Expense

$3,000

Accumulated Depreciation

$25,000

Accounts Receivable

$15,000

a.) $215,000

b.) $235,000

c.) $250,000

d.) $270,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions