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Using the following accounts and account balances, what is the total of the debit balances and the total of the credit balances, if all of the accounts have normal balances? Rent Expense Office Furniture Fees Income Supplies Accounts Payable Clinton Hill, Drawing Cash Utilities Expense Clinton Hill, Capital Equipment Salaries Expense Accounts Receivable O 55.000 O 50.800 O 43.200 O 46.600 1,400 5,800 7,900 800 2,900 3,400 32,300 500 40,000 3,500 600 2.500

Using the following accounts and account balances, what is the total of the debit balances and the total of the credit balances, if all of the accounts have normal balances? Rent Expense Office Furniture Fees Income Supplies Accounts Payable Clinton Hill, Drawing Cash Utilities Expense Clinton Hill, Capital Equipment Salaries Expense Accounts Receivable O 55.000 O 50.800 O 43.200 O 46.600 1,400 5,800 7,900 800 2,900 3,400 32,300 500 40,000 3,500 600 2.500

FINANCIAL ACCOUNTING
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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Using the following accounts and account balances, what is the total of the debit balances and the total of the credit balances, if all of the accounts have normal balances? Rent Expense Office Furniture Fees Income Supplies Accounts Payable Clinton Hill, Drawing Cash Utilities Expense Clinton Hill, Capital Equipment Salaries Expense Accounts Receivable O 55,000 O 50.800 O 43,200 O 46,600 1,400 5,800 7,900 800 2,900 3,400 32,300 500 40,000 3,500 600 2.500
Transcribed Image Text:Using the following accounts and account balances, what is the total of the debit balances and the total of the credit balances, if all of the accounts have normal balances? Rent Expense Office Furniture Fees Income Supplies Accounts Payable Clinton Hill, Drawing Cash Utilities Expense Clinton Hill, Capital Equipment Salaries Expense Accounts Receivable O 55,000 O 50.800 O 43,200 O 46,600 1,400 5,800 7,900 800 2,900 3,400 32,300 500 40,000 3,500 600 2.500
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