Qwik Company showed the following balances at the end of its first year:

Cash $8,700

Prepaid insurance 9,400

Accounts Receivable 7,000

Accounts Payable 5,800

Notes Payable 6,300

Owner's Capital 2,300

Owner's Drawing 1,300

Revenues 44,000

Expanses 32,000

What did Qwik Company show as total credits on its trial balance?

Answer rating: 100% (QA)

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