Finding out the total equity


Question: A transaction resulted in the following trial balance at the end of a given Debit Credit 840 820 400 Account Cash Accounts receivable Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Operating expenses Dividends 800 240 900 500 100 80 TOTAL 2,340 2,340 amount has not been updated for the period yet and represent the amount at the beginning of the period The balance sheet made at the end of the period will show Total Equity of_ A. 1,340 B. 1,020 C. 1,780 D. 1,280

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Accounting Basics: Finding out the total equity
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