If all of the accounts have normal balances what are the


A company had the following account balances at year-end:

Cash                            $39,550
Accounts  receivable 42,600
Accounts payable 26,600
Fees earned 86,450
Rent expense 19,950
Insurance expense 6,450
Supplies 6,650
Common stock 6,650
Retained earnings 19,450 
Dividends 23,950

If all of the accounts have normal balances, what are the total debits on the trial balance?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: If all of the accounts have normal balances what are the
Reference No:- TGS02564148

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)