QUESTION 1

What is the total debit amount on the Trial Balance? (last line of trial balance)

20 points

QUESTION 2

What is the ending balance in the Cost of Goods sold?

Debit or credit?

20 points

QUESTION 3

What is the ending balance in the Inventory account?

Debit or credit?

20 points

QUESTION 4

What is the ending balance in the Sales Revenue account?

Debit or credit?

20 points

QUESTION 5

What is the ending balance in the Wages Expense account?

Debit or credit?

20 points

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