Electrelane company showed the following balances at the

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Reference no: EM13581887

Electrelane Company showed the following balances at the end of its first year:

Cash $ 2,000

Prepaid insurance 3,500

Accounts receivable 2,500

Accounts payable 2,000

Notes payable 3,000

Owner's Capital 1,000

Owner's Drawings 500

Revenues 16,000

Expenses 12,500

What did Electrelene Company show as total credits on its trial balance?

Reference no: EM13581887

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