The total of the credit column on an adjusted trial balance was $30,000, which included a credit balance of $1,000 for accumulated depreciation. The total of the credit column on the post-closing trial balance was $20,000. calculate what amount would be reported as total assets on the balance sheet for this company?

Answer rating: 100% (QA)

Step 11 Solution Total of credit column of post closing trial balance 20000 Balance in acc... View the full answer