Question

Bramble company showed the following balances at the end of its first year: cash 3,980, prepaid insurance 7,040, account receivable 4,070, notes payable 5,960, owner’s capital 1,910, owner’s dividends 1,090, revenues 32,200, expenses 24,300. What did bramble company show as total credits on its trial balance?

Answer 1

notes payable 5,960,

owner’s capital 1,910,

owner’s dividends 1,090,

revenues 32,200,

total credits balance

5,960+1,910+1,090+32,200

=41,160...answer

Hope it helps!