What did electrelene company show as total credits


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

Cash                                                        $ 2,000

Prepaid insurance                                         3,500

Accounts receivable                                     2,500

Accounts payable                                        2,000

Notes payable                                              3,000

Owner's Capital                                            1,000

Owner's Drawings                                           500

Revenues                                                   16,000

Expenses                                                   12,500

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

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Accounting Basics: What did electrelene company show as total credits
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