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Sheridan Company showed the following balances at the end of its first year: Cash $3930 Prepaid insurance 6900 Accounts receivable 4930 Accounts payable 3970 Notes

Sheridan Company showed the following balances at the end of its first year:

Cash

$3930

Prepaid insurance

6900

Accounts receivable

4930

Accounts payable

3970

Notes payable

5980

Owners Capital

1990

Owners Dividends

920

Revenues

31200

Expenses

25200

What did Sheridan Company show as total credits on its trial balance?

a

$40130

b

$43140

c

$11920

d

$43220

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