Accounts Payable Service Revenue GuideWell has the following balances on their Trial Balance in random order, at the end of the year. Each account contains the balance that is normal for that type of account: $75,360 Building $90,000 552,000 Note Payable-long term 51,710 Equipment 27,000 Common Stock 144,000 Patent 6,300 Accounts Receivable 122,640 Cash 103,550 Unearned Revenue 18,480 Dividends 14,640 Prepaid Expenses 8,700 Accumulated Depreciation 15,000 Retained Earnings (Beg) 0 What are Total Expenses for the period? Select one: O a. $393,360 O b. $498,360 O c. $469,080 O d. $480,720 Oe. $483,720

Accounts Payable Service Revenue GuideWell has the following balances on their Trial Balance in random order, at the end of the year. Each account contains the balance that is normal for that type of account: $75,360 Building $90,000 552,000 Note Payable-long term 51,710 Equipment 27,000 Common Stock 144,000 Patent 6,300 Accounts Receivable 122,640 Cash 103,550 Unearned Revenue 18,480 Dividends 14,640 Prepaid Expenses 8,700 Accumulated Depreciation 15,000 Retained Earnings (Beg) 0 What are Total Expenses for the period? Select one: O a. $393,360 O b. $498,360 O c. $469,080 O d. $480,720 Oe. $483,720

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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