Table 3-1

Lemon Car Rental, Inc.

Unadjusted Trial Balance

December 31, 2012

Cash $ 7,450

Prepaid insurance 1,600

Equipment 19,000

Accumulated Depreciation $ 4,200

Accounts Payable 5,000

Common Stock 10,000

Retained Earnings 5,600

Dividends 6,000

Rental Revenue 23,400

Insurance Expense 7,000

Salary Expense 4,000

Repair Expense 3,150

$ 48,200 $ 48,200

Adjusting entries include:

(1) Prepaid insurance used $ 1,600

(2) Depreciation 1,300

$ 2,900

Refer to Table 3-1. The credit column of the adjusted trial balance should total:

a. $45,300.

b. $49,300.

c. $49,500.

d. $51,100.

Refer to Table 3-1. The credit column of the adjusted trial balance should total:

		a. $45,300.
		b. $49,300.
		c. $49,500.
		d. $51,100.