Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. given the following adjusted trial balance, what w

Given the following adjusted trial balance, what will be the totals for the debit and...

50.1K

Verified Solution

Question

Accounting

Given the following adjusted trial balance, what will be the totals for the debit and credit columns of the post-closing trial balance?

Debit

Credit

Cash

 $897

Accounts receivable

 1133

Inventory

 1687

Prepaid rent

 46

Equipment

 160

Accumulated depreciation-equipment

 $28

Accounts payable

 44

Unearned service revenue

 93

Common stock

 112

Retained earnings

 3570

Service revenue

 172

Interest revenue

 30

Salaries and wages expense

 90

Travel expense

 36

Total

 $4049 $4049

A) $3895

B) $4049

C) $4021

D) $3923

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Calculate the change in pH when 0.28 mol H+ is added to 1.00 L of each...

Chemistry
Q

# Energy source(chemical/light) Electron acceptor photrophs heterotrophs anoxic denitrifiers aerobes obligate aerobes obligate anaerobes facultattive aerobes facultative anaerobes

Biology
Q

4 identical 18 4 gram masses are 13 cm from an axis of rotation and...

Physics
Q

An existing inventory for a test measuring self-esteem indicates that the scores have a standard...

Basic Math
Q

Tristin is attempting to divefrom an 8 foot diving boardinto a tube that is located12...

Basic Math
Q

Smoke detectors An insurance company offers a discount to homeowners who install smoke detectors in...

Statistics
Q

Disposal of fored assiet Equipment acquired on January 6 at a cost of $364,300 has...

Accounting
Q

Entries for Bonds Payable, including bond redemption The following transactions were completed by Windevoss Inc.,...

Accounting
Q

The Boxwood Company sells blankets for $60 each. The following was taken from the inventory...

Accounting
Q

The city is considering upgrading their vehicle fleet to hybrid and electric vehicles. The initial...

Accounting
Q

4. Determine which of the following cash flow diagrams is a better investment? $4,000 $35,000...

Finance
Q

=

Accounting