Question
Qwik Company showed the following balances at the end of its first year: Cash $8700 Prepaid insurance 9400 Accounts receivable 7000 Accounts payable 5800 Notes
Qwik Company showed the following balances at the end of its first year:
| Cash | $8700 |
| Prepaid insurance | 9400 |
| Accounts receivable | 7000 |
| Accounts payable | 5800 |
| Notes payable | 9400 |
| Owners Capital | 2300 |
| Owners Drawings | 1400 |
| Revenues | 44000 |
| Expenses | 35000 |
Assume all accounts have a normal balance, what is the total of the accounts with a credit balance?
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Emerging Markets And Financial Resilience Decoupling Growth From Turbulence
Authors: C. Hooy, R. Ali, HooyChee-Wooi, S. Ghon Rhee
2nd Edition
1137266600, 9781137266606
