3. A company had the following accounts and balances at year-end (shown in thousands Cash Accounts receivable Accounts payable Service fee revenue Account Rent expense Insurance expense Supplies Common Stock Retained earnings Dividends O A $46 OBS67 OC $104 OD. $208 Balance $30 32 20 65 15 5 15 4 If all of the accounts have normal balances, what are the totals for the trial balance debit and credit columns? 18
3. A company had the following accounts and balances at year-end (shown in thousands Cash Accounts receivable Accounts payable Service fee revenue Account Rent expense Insurance expense Supplies Common Stock Retained earnings Dividends O A $46 OBS67 OC $104 OD. $208 Balance $30 32 20 65 15 5 15 4 If all of the accounts have normal balances, what are the totals for the trial balance debit and credit columns? 18
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Vishu
Transcribed Image Text:3. A company had the following accounts and balances at year-end (shown in thousands);
Cash
Accounts receivable
Accounts payable
Service fee revenue
Rent expense
Account
Insurance expense
Supplies
Common Stock
Retained earnings
Dividends
O A $46
OB 567
C$104
D. $208
Balance
$30
32
20
65
15
4
5
15
If all of the accounts have normal balances, what are the totals for the trial balance debit and credit
columns?
4
18
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