Refer to the above data. In a trial balance prepared on September 30, 2021, the...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Refer to the above data. In a trial balance prepared on September 30, 2021, the total debit column is: *
$390,000
$400,000
$394,000
None of the above
On October 5, 2021, X Company received 10% of its accounts receivable. Assume that this was the only transaction on October 5. Refer to the above data. On October 5, 2021, the balance in Cash account is: *
$80,600
$73,400
$23,400
None of the above
Refer to the above data. On October 5, 2021, the total credit column is: *
$404,600
$395,400
$394,000
None of the above
X Company reports these account balances on September 30, 2021 Accounts Payable Accounts Receivable Accumulated depreciation Cash Operating Expenses Equipment Goodwill Service Revenue Owner's Equity Uneared Service Revenue $46,000 26,000 4,000 78.000 90,000 180.000 20,000 90,000 240,000 14.000
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!
