What is the total amount of credits? Cash : 12,000 Retained earnings : 31,000 Prepaid Rent : 2,000 Salaries Expense : 15,000 Equipment : 68,000 Service Revenue : 40,000 Miscellaneous Expense : 10,000 Supplies : 4,000 Dividends : 3,000 Accounts Payable : 5,000 Common stock : 38,000 A. 111,000 B. 114,000 C. 86,000 D. 81,000

What is the total amount of credits? Cash : 12,000 Retained earnings : 31,000 Prepaid Rent : 2,000 Salaries Expense : 15,000 Equipment : 68,000 Service Revenue : 40,000 Miscellaneous Expense : 10,000 Supplies : 4,000 Dividends : 3,000 Accounts Payable : 5,000 Common stock : 38,000 A. 111,000 B. 114,000 C. 86,000 D. 81,000

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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