Chepter 3 Cuie (Algo MCx Consider the following information from a company\'s un

Question

Chepter 3 Cuie (Algo MCx Consider the following information from a company's unadjusted trial balance at December 31, 2018 All accounts have normal balances Accounts Receivable Accounts Payable Cash Service Revenue Comnon Stoek Equipment Insurance Expense Land Notes Payable, Due 2021 Notes Receivable, Matures 2019 Prepaid Insurance Rent Expense Retained Earning. January 1, 2018 salacies and Kages Expense s 5,400 695 1,790 6, 670 4,900 5, 800 445 4, 700 ,900 1,290 445 1,445 7,940 3,790 What is the total of the debit side of the unadjusted trial balance? Mutiple Choice $19.510 20,205

Explanation / Answer

Trial balance as of December 31, 2018 Particulars Debit Credit AR 5400 AP -695 CASH 1790 SERVICE REVENUE -6670 COMMON STOCK -4900 EQUIPMENT 5800 INSURANCE EXP 445 LAND 4700 NOTES PAYABLE -4900 NOTES RECEIVABLE 1290 PREPAID INSURANCE 445 RENT EXPENSE 1445 RETAINED EARNINGS -7940 SALARY & WAGE EXPENSES 3790 Total 25105 -25105 Hence, the answer is $25,105.

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