Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Using the ending balances shown in the Partial Adjusted Trial Balance listed below, what is the total dollar ($) balance for the accounts that have
Using the ending balances shown in the Partial Adjusted Trial Balance listed below, what is the total dollar ($) balance for the accounts that have a normal credit balance? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. . . For example, if you calculated the answer to be $24,123, you would only input: 24123 Partial Adjusted Trial Balance December 31, 20xx Accounts Normal Balance Cash 10,000 Accounts Receivable 5,000 Inventory 150.000 Sales Tax Payable 50,000 Accounts Payable 8,000 Deferred Revenue 1.000 Current Portion Long-term Debt 10.000 Long-term Debt 50.000 Common Stock 25.000 Treasury Stock 6,000 Retained Earnings 50,000 Dividends 10.000 Service Revenue 20.000 Cost of Good Sold 5,000 Rent Expense 5.000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started