The following is a random list of the adjusted account balances of Wyoming Company as of the end of the current accounting period:- Cash: $17,200- Accounts Receivable: $4,900- Accounts Payable: $3,900- Service Revenue: $17,400- Land: $24,200- Retained Earnings: $16,400- Operating Expenses: $11,600- Common Stock: $20,200**Question:** What is the total of the credit account balances that will be shown on the adjusted trial balance?### Multiple Choice Options:- $57,900- $40,500- $56,900- $58,900**Explanation:** For the adjusted trial balance, you need to sum the credit accounts: Service Revenue, Retained Earnings, and Common Stock.

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Description: The following is a random list of the adjusted account balances of Wyoming Company as of the end of the current accounting period:- Cash: $17,200- Accounts Receivable: $4,900- Accounts Payable: $3,900- Service Revenue: $17,400- Land: $24,200- Retain

Adjusted trial balance is the statement which is prepared in order to check if the debits and…

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Accounting

The following is a random list of the adjusted account balances of Wyoming Company as of the end of the current accounting period: 17,200 Accounts Receivable 3,900 Service Revenue 24,200 Retained Earnings 11,600 Common Stock Cash Accounts Payable 4,900 17,400 Land 16,400 Operating Expenses 20, 200 What is the total of the credit account balances that will be shown on the adjusted trial balance? Multiple Choice $57,900 $40,500 $56,900 $58,900

The following is a random list of the adjusted account balances of Wyoming Company as of the end of the current accounting period: 17,200 Accounts Receivable 3,900 Service Revenue 24,200 Retained Earnings 11,600 Common Stock Cash Accounts Payable 4,900 17,400 Land 16,400 Operating Expenses 20, 200 What is the total of the credit account balances that will be shown on the adjusted trial balance? Multiple Choice $57,900 $40,500 $56,900 $58,900

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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