2. Given the following (normal) balances, the total debits in the trial balance would equal: Retained earnings Salary expense Cash Contributed capital Cost of goods sold Equipment Accounts payable Sales Accumulated depreciation Accounts receivable $27.000 $16,000 6,000 8,000 11,000 24,000 37,000 2,000 49,000 5,000 7,000

2. Given the following (normal) balances, the total debits in the trial balance would equal: Retained earnings Salary expense Cash Contributed capital Cost of goods sold Equipment Accounts payable Sales Accumulated depreciation Accounts receivable $27.000 $16,000 6,000 8,000 11,000 24,000 37,000 2,000 49,000 5,000 7,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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