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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

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....
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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
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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