X Company reports these accountbalances on March 31, 2021Accounts Payable$7,000Accounts Receivable52,000Accumulated Depreciation5,000Capital Stock225,000Cash128,000Equipment194,000Goodwill20,000Retained Eaming125,000Salaries Payable32.000 O $49,000O None of the aboveRefer to the above data. On April 9,2021, the total debit column is:O $391,000$394,000$374,000None of the abovePage 5 of 6

Trial Balance: Trial balance is a statement in which closing balance of all ledger accounts are…

X Company reports these account balances on March 31, 2021 Accounts Payable $7,000 Accounts Receivable 52,000 Accumulated Depreciation 5,000 Capital Stock 225,000 128,000 Cash Equipment 194,000 Goodwill 20,000 Retained Eaming 125,000 Salaries Payable 32,000

X Company reports these account balances on March 31, 2021 Accounts Payable $7,000 Accounts Receivable 52,000 Accumulated Depreciation 5,000 Capital Stock 225,000 128,000 Cash Equipment 194,000 Goodwill 20,000 Retained Eaming 125,000 Salaries Payable 32,000

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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Question

X Company reports these account
balances on March 31, 2021
Accounts Payable
$7,000
Accounts Receivable
52,000
Accumulated Depreciation
5,000
Capital Stock
225,000
Cash
128,000
Equipment
194,000
Goodwill
20,000
Retained Eaming
125,000
Salaries Payable
32.000

O $49,000
O None of the above
Refer to the above data. On April 9,
2021, the total debit column is:
O $391,000
$394,000
$374,000
None of the above
Page 5 of 6

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