Rusthe Company showed the following balances at the end of its first year: What did Rusthe Company show as total credits on its trial balance?
A) $63,200
B) $61,800
C) $60,400
D) $64,600

Question

Rusthe Company showed the following balances at the end of its first year:  What did Rusthe Company show as total credits on its trial balance?
A) $63,200 
B) $61,800 
C) $60,400 
D) $64,600

Quizplus · Accepted Answer

Total credits can be calculated as the sum of all the credit balances. Adding up the credit balances from the trial balance, we get: $9,400 + $16,200 + $18,800 + $17,400 = $61,800. Therefore, the answer is B.

Rusthe Company Showed the Following Balances at the End of Its