Question: Which formula does NOT correctly calculate total equity? Credit Trial Balance December 31 Debit 4 Cash $5,700 5 Accounts receivable 1,400 6 Note receivable 11,100

Which formula does NOT correctly calculate total equity?

Credit Trial Balance December 31 Debit 4 Cash $5,700 5 Accounts receivable 1,400 6 Note receivable 11,100 7 Prepaid services 3,800 8 Office equipment 27,400 9 Accounts payable 10 Unearned ticket revenue 11 Owner, Capital 12 Owner, Withdrawals 1,600 13 Ticket revenue 14 Rental revenue 15 Salaries expense 2,800 16 Utilities expense 2.400 17 Rent expense 1.700 18 Totals $57,900 19 $7,600 4,400 37,000 7,200 1,700 $57,900 ==B4+B5+B6+B7+B8-C9-CIO =1C11+C13+C14-B12-15-B16-B17 =1C13+C14+C11-B15-B16-B17 -SUM(B4:8)-SUM(C9%C10)

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