A company had the following account balances at year-end: Cash...... $30,000 Accounts receivable...... 32,000 Accounts payable.........

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A company had the following account balances at year-end: Cash...... $30,000 Accounts receivable...... 32,000 Accounts payable...... 20.000 Fees earned....... 65.000 Rent expense....... 15.000 Insurance expense...... 4.800 Supplies...... 5.000 Common Stock. 5.000 Retained Earnings... Dividends.... If all of the accounts have normal balances, what are the totals for the trial balance? 14,800 18.000 A company had the following account balances at year-end: Cash...... $30,000 Accounts receivable...... 32,000 Accounts payable...... 20.000 Fees earned....... 65.000 Rent expense....... 15.000 Insurance expense...... 4.800 Supplies...... 5.000 Common Stock. 5.000 Retained Earnings... Dividends.... If all of the accounts have normal balances, what are the totals for the trial balance? 14,800 18.000

Answer rating: 100% (QA)

To prepare a trial balance you simply list all the accounts and th... View the full answer