Concord incorporation reports the following ledger account balances at June 30, 2022: Cash $1,932 Accounts receivable 2,818
Question:
Concord incorporation reports the following ledger account balances at June 30, 2022:
Cash $1,932
Accounts receivable 2,818
Inventory 3,864
Prepaid rent 86
Equipment 300
Accumulated depreciation-equipment 52
Accounts payable 82
Unearned rent revenue 122
Common stock 206
Retained earnings 6,610
Service revenue 368
Interest revenue 56
Salaries and wages expense 160
Insurance expense 66
Assuming that all of the accounts have normal balances, what are total credits on the company's trial balance at June 30, 2022?
Horngrens Accounting
ISBN: 978-0133855388
10th Canadian edition Volume 2
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo-Ann L. Johnston, Peter R. Norwood