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Accounting Question! Help!?

The following is the ending month's balances for Toys Galore.

Accounts payable $6,790

Revenues 8,680

Cash 4,500

Expenses 1,050

Furniture 8,370

Accounts receivable 7,710

Common stock 930

Notes payable 5,230

What is the total amount of debits for the trial balance?

Question 15 options:

$16,400

$20,580

$21,630

$30,310

Im not sure... Help D:

Heres another that giving me a tough time:

A business has the following transactions: The business is started by receiving $20,000 from an investor in exchange for common stock. The business purchases $500 of supplies on account. The business purchases $2,000 of furniture on account. The business renders services to various clients totaling $9,000 on account. The business pays out $2,000 for Salary expense and $3.000 for Rent expense. The business pays $500 to a supplier for the supplies purchased earlier. The business collects $1,500 from one of its clients for services rendered earlier in the month. At the end of the month, all journal entries are posted to the ledger. The Cash account will appear as follows:

Question 9 options:

1 Answer

Relevance
  • 8 years ago
    Favorite Answer

    The first one is either:

    $20,580

    $21,630

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