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Tim Company has the following account balances: Cash $ 15,000 Accounts Payable $30,000 Equipment 50,000 Tim, Capital 60,000 Supplies 20,000 Prepaid Insurance 5,000 The total
Tim Company has the following account balances:
| Cash | $ 15,000 | Accounts Payable | $30,000 | |
| Equipment | 50,000 | Tim, Capital | 60,000 | |
| Supplies | 20,000 | Prepaid Insurance | 5,000 |
The total of each of the sides of the post-closing trial balance is equal to:
a.$85,000.
b.$70,000.
c.$65,000.
d.$90,000.
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A Practical Guide To UK Accounting And Auditing Standards
Authors: Steve Collings
1st Edition
152650331X, 9781526503312
