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Question - Bonita Industries's trial balance reported the following balances at the end of its first year:
Cash $12320
Prepaid insurance 620
Accounts receivable 3080
Accounts payable 2460
Notes payable 3700
Common stock 4750
Dividends 620
Revenues 25520
Expenses 15400
What amount did Bonita Industries's trial balance show as total credits?
A. $36430
B. $37670
C. $35810
D. $37050
Bonita Industries's trial balance at the end of its first month of operations reported the following accounts and amounts:
Cash $9680
Prepaid insurance 440
Accounts receivable 2200
Accounts payable 1760
Notes payable 2640
Common stock 4400
Dividends 440
Revenues 19360
Expenses 11000
Total credits on Bonita Industries's trial balance are?
A. $28160
B. $27720
C. $29040
D. $28600
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