Broadway, Incorporated’s trial balance was in balance at the end of the period and showed the following accounts: Account Balance Accounts Payable $ 20,800 Cash 41,600 Common Stock 20,100 Equipment 9,100 Land 30,700 Notes Payable 40,500 What is the balance of the credit column on Broadway's trial balance? rev: 03_16_2018_QC_CS-121922 Multiple Choice $81,400. $163,100. $60,600. $61,300.

Broadway, Incorporated’s trial balance was in balance at the end of the period and showed the following accounts: Account Balance Accounts Payable $ 20,800 Cash 41,600 Common Stock 20,100 Equipment 9,100 Land 30,700 Notes Payable 40,500 What is the balance of the credit column on Broadway's trial balance? rev: 03_16_2018_QC_CS-121922 Multiple Choice $81,400. $163,100. $60,600. $61,300.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 12SPA: SCHEDULE OF ACCOUNTS RECEIVABLE Based on the information provided in Problem 10-11A, prepare a...

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Question

Broadway, Incorporated’s trial balance was in balance at the end of the period and showed the following accounts:

Account	Balance
Accounts Payable	$ 20,800
Cash	41,600
Common Stock	20,100
Equipment	9,100
Land	30,700
Notes Payable	40,500

What is the balance of the credit column on Broadway's trial balance?

rev: 03_16_2018_QC_CS-121922

Multiple Choice

$81,400.
$163,100.
$60,600.
$61,300.

Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.

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