Question
Randall Companys trial was in balance at the end of the period and showed the following accounts: But someone erased the balance in the Accounts
Randall Companys trial was in balance at the end of the period and showed the following accounts: But someone erased the balance in the Accounts Payable account.
| Account | $ balance |
| Accounts Payable | ? |
| Cash | 4,591 |
| Common Stock | 12,187 |
| Equipment | 9,236 |
| Land | 4,530 |
| Notes Payable | 6,874 |
Using your knowledge of accounts, normal balances and the rule that debits must equal credits?
What is the total of the credit column on Randalls trial balance?
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Canadian Edition
0470836792, 978-0470836798
