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 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 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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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