Solved

Given the Following List of Accounts with Normal Balances, What

Question 133

Multiple Choice

Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits? Cash$1000Equipment500Accounts Payable250Capital1000Service Fees 1000Salaries Expense750\begin{array}{l}\begin{array} {| l | l | } \hline \text {Cash}&\$1000 \\\hline \text {Equipment}&500\\\hline \text {Accounts Payable}&250\\\hline \text {Capital}&1000\\\hline \text {Service Fees }&1000\\\hline \text {Salaries Expense}&750\\\hline\end{array}\end{array}


A) $3,250 debit, $3,250 credit
B) $1,125 debit, $1,125 credit
C) $4,500 debit, $4,500 credit
D) $2,250 debit, $2,250 credit

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents