Sandhill Co. was organized on April 1, 2022. The company prepares monthly financial statements. The adjusted...
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Sandhill Co. was organized on April 1, 2022. The company prepares monthly financial statements. The adjusted trial balance amounts in the April 30 worksheet are shown below. Debit Credit Cash $6000 Accumulated Depreciation-Equipment $700 Accounts Receivable 750 Notes Payable 4100 Accounts Payable Salaries and Wages Payable Prepaid Insurance 1900 1720 Supplies 1500 700 Equipment 14100 Interest Payable 440 Owner's Drawings 550 Owner's Capital 12300 Salaries and Wages Expense 11000 Service Revenue 17700 Insurance Expense 1150 Rent Revenue 800 Depreciation Expense 700 Supplies Expense 230 Utilities Expense 520 Interest Expense 60 $38460 $38460 What is the total in the balance sheet credit column (not including net income)? $6960 O $7660 O $8460 O $19960 Sandhill Co. was organized on April 1, 2022. The company prepares monthly financial statements. The adjusted trial balance amounts in the April 30 worksheet are shown below. Debit Credit Cash $6000 Accumulated Depreciation-Equipment $700 Accounts Receivable 750 Notes Payable 4100 Accounts Payable Salaries and Wages Payable Prepaid Insurance 1900 1720 Supplies 1500 700 Equipment 14100 Interest Payable 440 Owner's Drawings 550 Owner's Capital 12300 Salaries and Wages Expense 11000 Service Revenue 17700 Insurance Expense 1150 Rent Revenue 800 Depreciation Expense 700 Supplies Expense 230 Utilities Expense 520 Interest Expense 60 $38460 $38460 What is the total in the balance sheet credit column (not including net income)? $6960 O $7660 O $8460 O $19960
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Correct Answer 4th Option 19960 Explanation Total Balanc... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
Posted Date:
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