Total credits on the trial balance


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

Cash $ 5,000; Prepaid insurance 500;
Accounts receivable 2,500; Accounts payable 2,000;
Notes payable 3,000; Retained Earnings 600:
Dividends 500; Common Stock 400;
Revenues 15,000; Expenses 12,500

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

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Total credits on the trial balance
Reference No:- TGS092749

Expected delivery within 24 Hours