Table 4-1 $$\begin{array}{l}
\text { Post Closing Trial Ba lance }\
\begin{array} { l r }
\text { Red Brown, Capital } & \$ 154,900 \
\text { Cash } & 35,200 \
\text { Accounts receivable } & 10,900 \
\text { Accounts payable } & 3,500 \
\text { Unearned service revenue } & 6,850 \
\text { Supplies } & 1,200 \
\text { Equipment } & 110,600 \
\text { Land } & 15,400 \
\text { Accumulated amortization } & ? ? ?
\end{array}
\end{array}$$
-Referring to Table 4-1, calculate the total amount in the credit column of the post-closing trial balance.
A)$120,900
B)$165,250
C)$173,300
D)nil

Question

Table 4-1 $$\begin{array}{l}
\text { Post Closing Trial Ba lance }\
\begin{array} { l r } 
\text { Red Brown, Capital } & \$ 154,900 \
\text { Cash } & 35,200 \
\text { Accounts receivable } & 10,900 \
\text { Accounts payable } & 3,500 \
\text { Unearned service revenue } & 6,850 \
\text { Supplies } & 1,200 \
\text { Equipment } & 110,600 \
\text { Land } & 15,400 \
\text { Accumulated amortization } & ? ? ?
\end{array}
\end{array}$$
-Referring to Table 4-1, calculate the total amount in the credit column of the post-closing trial balance.
A)$120,900
B)$165,250
C)$173,300
D)nil

Quizplus · Accepted Answer

The credit column includes Red Brown, Capital ($154,900), Accounts Payable ($3,500), and Unearned Service Revenue ($6,850). Adding these gives $154,900 + $3,500 + $6,850 = $165,250. However, the accumulated amortization is missing, which should balance the debits and credits. Assuming it balances the debits, the total credits would be $173,300.

Table 4-1 -Referring to Table 4-1, Calculate the Total Amount in the