Question: I got answer C.) But this turned out to be wrong The following list of accounts appear in alphabetical order and were taken from ABC
I got answer C.) But this turned out to be wrong
The following list of accounts appear in alphabetical order and were taken from ABC Corporations ledger as of December 31, 2018. The Accounts Payable records were missing.
Accounts Payable $ ? Inventory $7,000
Accounts Receivable 3,000 Land 5,000
Building 22,000 Notes Payable 12,000
Cash 9,000 Retained Earnings 11,000
Common Stock 20,000 Unearned Revenues 4,000
Cost of Goods Sold 2,000 Wage Expense 6,000
Dividends 1 ,000 Revenue 8,000
Equipment 10,000
Based on this information, determine the total dollar amount of credits that would appear in the companys trial balance.
| A. $63,000 | ||
| B. $67,000 | ||
| C. $64,000 | ||
| D. $69,000 | ||
| E. $65,000 |
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