The following are the current month's balances for Global Enterprises

Accounts Payable $6,000
Revenue 11,000
Cash 5,000
Expenses 1,300
Furniture 10,000
Accounts Receivable 16,000
Common Stock 9,250
Notes Payable 4,000

What is the total amount of debits for the trial balance?
A) $26,000
B) $27,300
C) $31,000
D) $32,300


D .Cash $5,000
Expenses 1,300
Furniture 10,000
Accounts Receivable 16,000
Total debits $32,300

Business

You might also like to view...

______________________________ is a control plan that establishes, for shipping personnel, that someone other than warehouse personnel authorized a shipment

Fill in the blank(s) with correct word

Business

Purchases and sales of cash equivalents are reported as investing activities on a statement of cash flows

a. True b. False Indicate whether the statement is true or false

Business

A business borrows cash by signing a note payable. Which of the following accounts is credited?

A) Notes Payable B) Accounts Payable C) Notes Receivable D) Cash

Business

Monarch Company uses a weighted-average perpetual inventory system, and has the following purchases and sales:January 120 units were purchased at $10 per unit.January 1212 units were sold.January 2018 units were purchased at $11 per unit.What is the value of ending inventory? (Round average cost per unit to 2 decimal places.)

A. $120. B. $126. C. $272. D. $398. E. $278.

Business