The following is a random list of the adjusted account balances of Wyoming Company as of the end of the current accounting period:Cash17,400?Accounts Receivable5100?Accounts Payable4100?Service Revenue17,600?Land24,400?Retained Earnings16,600?Operating Expenses11,800?Common Stock20,400?What is the total of the credit account balances that will be shown on the adjusted trial balance?

A. $41,100
B. $57,700
C. $58,700
D. $59,700


Answer: C

Business

You might also like to view...

In a short essay, discuss the characteristics of bivariate regression

What will be an ideal response?

Business

Which of the following statements is true regarding the Trueblood Committee Report?

a. It expresses the belief that different valuation bases are appropriate for different assets and liabilities. b. It is concerned with guaranteeing additivity of asset and liability amounts. c. It expresses the belief that the same valuation base should be used for all assets and all liabilities. d. Both b and c.

Business

Why might field sales personnel be able to develop a good forecast for demand?

a. They are motivated by bonuses b. They are distanced from the customers and markets c. They are close to a firm’s suppliers d. They are close to the customers and markets

Business

Create a resource loading table and perform resource leveling on the project composed of the activities in this table. Activities listed in the table are measured in the number of eight-hour days. The maximum amount of time used per day is 16 hours

Activity Time Predecessor A 6 -- B 1 -- C 2 A, B D 4 -- E 1 C, D F 1 E G 6 E H 4 F J 4 F K 3 G, H L 5 J, K M 3 L

Business