GuideWell has the following balances on their Trial Balance in random order. Each account contains the balance that is normal for that type of account: Accounts Payable $87,920 Building $105,000 Service Revenue 644,000 Note Payable - long term 60,330 Equipment 31,500 Common Stock 168,000 Patent 7,350 Accounts Receivable 143,080 Cash 120,810 Unearned Revenue 21,560 Dividends 17,080 Prepaid Expenses 10,150 Accumulated Depreciation 17,500 Retained Earnings (Beg.) 0 What are Total Expenses for the period? Select one: Oa. $564,340 O b. $458,920 Oc. $581,420 Od. $547,260 Oe. $560,840
GuideWell has the following balances on their Trial Balance in random order. Each account contains the balance that is normal for that type of account: Accounts Payable $87,920 Building $105,000 Service Revenue 644,000 Note Payable - long term 60,330 Equipment 31,500 Common Stock 168,000 Patent 7,350 Accounts Receivable 143,080 Cash 120,810 Unearned Revenue 21,560 Dividends 17,080 Prepaid Expenses 10,150 Accumulated Depreciation 17,500 Retained Earnings (Beg.) 0 What are Total Expenses for the period? Select one: Oa. $564,340 O b. $458,920 Oc. $581,420 Od. $547,260 Oe. $560,840
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...
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Transcribed Image Text:GuideWell has the following balances on their Trial Balance in random order.
Each account contains the balance that is normal for that type of account:
Accounts Payable
$87,920 Building
$105,000
Service Revenue
644,000 Note Payable - long term
60,330
Equipment
31,500 Common Stock
168,000
Patent
7,350 Accounts Receivable
143,080
Cash
120,810 Unearned Revenue
21,560
Dividends
17,080 Prepaid Expenses
10,150
Accumulated Depreciation 17,500 Retained Earnings (Beg.)
0
What are Total Expenses for the period?
Select one:
Oa. $564,340
O b. $458,920
Oc. $581,420
Od. $547,260
Oe. $560,840
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