X Company reports these account balances on December 31, 2021 Accounts Payable Accounts Receivable Accumulated depreciation $450,000 150,000 180.000 Cash 600.000 Drawings Operating Expenses Equi pment 80.000 300.000 680.000 Goodwill 90.000 500.000 720.000 50,000 Service Revenue Owner's capital Unearned Service Revenue
X Company reports these account balances on December 31, 2021 Accounts Payable Accounts Receivable Accumulated depreciation $450,000 150,000 180.000 Cash 600.000 Drawings Operating Expenses Equi pment 80.000 300.000 680.000 Goodwill 90.000 500.000 720.000 50,000 Service Revenue Owner's capital Unearned Service Revenue
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
Related questions
Question
![X Company reports these account balances on December 31, 2021
Accounts Payable
Accounts Receivable
Accumulated depreciation
Cash
Drawings
Operating Expenses
Equipment
Goodwill
$450,000
150.000
180.000
600,000
80.000
300.000
Service Revenue
Owner 's capital
Unearned Service Revente
680,000
90.000
500.000
720.000
50,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F038811cd-8504-440c-a8e3-5f4c6316ecb4%2Fbe737ea1-ea5e-40f8-ae79-2907cfe94814%2F1dqisi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:X Company reports these account balances on December 31, 2021
Accounts Payable
Accounts Receivable
Accumulated depreciation
Cash
Drawings
Operating Expenses
Equipment
Goodwill
$450,000
150.000
180.000
600,000
80.000
300.000
Service Revenue
Owner 's capital
Unearned Service Revente
680,000
90.000
500.000
720.000
50,000
![Refer to the above data. In a trial balance prepared on December 31, 2021, the
total debit column is: *
O $2,080,000
O $1,900,000
$1,820,000
O None of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F038811cd-8504-440c-a8e3-5f4c6316ecb4%2Fbe737ea1-ea5e-40f8-ae79-2907cfe94814%2Fmktwk1k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Refer to the above data. In a trial balance prepared on December 31, 2021, the
total debit column is: *
O $2,080,000
O $1,900,000
$1,820,000
O None of the above
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