ne decis es uAsde a corn pans uno . Cerner Company showed the following balances at the end of its first year Cash $5,000 Prepaid insurance Accounts receivable Accounts payable Notes payable Retained Earnings 2,500 2,000 3,000 600 500 400 15,000 12,000 Dividends Common Stock Revenues Expenses What did Cerner Company show as a total credited on its trial balance? A) $21,500. B) $21,000 C) $20,000 D) $22,000 22. During February 2016 its first month of operation, Rutwing Enterprises issued stock in exchange for cash of $25,000. Rutwing had cash revenues of $4,000 and paid expenses of $7,000. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28? A) $3,000 credit. B) $22,000 debit. C) $29,000 debit. D) $18,000 credit. 23. At January 31, 2016, the balance in Prieto Ine.'s supplies account was $250. During February, Prieto purchased supplies of $300 and used supplies of $400. At the end of February, the balance in the supplies should be: A) $250 debit. B) S350 credit. C) $950 debit. D) S150 debit. 24. At December 1, 2016, Marco Company's accounts receivable balance was $1,200. During December, Marco had credit revenues of $5,000 and collected accounts receivable of $4,000. At December 31, 2016, the accounts receivable balance is: A) $1,200 debit. B) $2,200 debit. C) $6,200 debit. D) $2,200 credit. Page 6