Sheridan Company showed the following balances at the end of its first year: Cash Prepaid insurance...
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Sheridan Company showed the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Owner's Capital Owner's Drawings Revenues Expenses $6070 9490 7000 5570 8310 2880 1420 43500 36000 What is the total of accounts with credit balances for Sheridan Company? Sheridan Company showed the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Owner's Capital Owner's Drawings Revenues Expenses $6070 9490 7000 5570 8310 2880 1420 43500 36000 What is the total of accounts with credit balances for Sheridan Company?
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Answer rating: 100% (QA)
The accounts with credit balances are liabilities and owners equity accounts Therefore we ne... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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