Jelly's Grocery Store showed the following account balances at the end of 2020: Cash Accounts receivable...

 

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Jelly's Grocery Store showed the following account balances at the end of 2020: Cash Accounts receivable $32,000 39,000 Accounts payable Revenue 27,000 51,000 2,000 13,600 8,000 Rent expense Insurance expense Salary expense Supplies Jelly, capital Jelly, withdrawals 25,000 49,600 8,000 If all of the accounts have normal balances, what is the total of the trial balance? Jelly's Grocery Store showed the following account balances at the end of 2020: Cash Accounts receivable $32,000 39,000 Accounts payable Revenue 27,000 51,000 2,000 13,600 8,000 Rent expense Insurance expense Salary expense Supplies Jelly, capital Jelly, withdrawals 25,000 49,600 8,000 If all of the accounts have normal balances, what is the total of the trial balance?

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Correct answer 127600 Trial balance states Debit balances credit balances Debit balances ca... View the full answer