Illeo Inc's trial balance contains the following balances:
Cash $538 Accounts Payable $341 Revenue $671
Accounts Receivable $277 Expenses $197
What is the amount of total credits for this trial balance?
A) $538
B) $1,012
C) $1,486
D) $1,683
B) $1,012
Explanation: Add values for accounts with normal credit balances: A/P & revenue
Accounts Payable ($341) + Revenue ($671) = Total credits
$341 + $671 = $1,012
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