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Brandon

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  • Accounting Homework Help?

    I'm stuck, I keep getting different answers. I might be putting the numbers in the wrong place but heres the question:

    A company had the following account balances at year-end:

    Cash: 30,000

    Accounts recievable: 32,000

    Accounts payable: 20,000

    Fees earned: 65,000

    Rent Expense: 15,000

    Insurance Expense: 4,800

    Supplies: 5,000

    Common Stock: 5,000

    Retained Earnings: 14,800

    Dividends: 18,000

    If all of the accounts have normal balances, what are the totals for the trial balance?

    I got 67,000.

    Would $67,000 be right?

    1 AnswerHomework Help8 years ago

  • Accounting Homework help?

    I'm stuck, I keep getting different answers. I might be putting the numbers in the wrong place but heres the question:

    A company had the following account balances at year-end:

    Cash: 30,000

    Accounts recievable: 32,000

    Accounts payable: 20,000

    Fees earned: 65,000

    Rent Expense: 15,000

    Insurance Expense: 4,800

    Supplies: 5,000

    Common Stock: 5,000

    Retained Earnings: 14,800

    Dividends: 18,000

    If all of the accounts have normal balances, what are the totals for the trial balance?

    I got 67,000.

    Would $67,000 be right?

    1 AnswerOther - Business & Finance8 years ago