The trial balance for Parker Company is as follows: If the balance of the Dividends account were $100,000 and the balance of the Wages Expense account were $10,000,what would be the amount of B?
A)$124,000
B)$150,000
C)$192,000
D)$152,000

Question

The trial balance for Parker Company is as follows:  If the balance of the Dividends account were $100,000 and the balance of the Wages Expense account were $10,000,what would be the amount of B?
A)$124,000 
B)$150,000 
C)$192,000 
D)$152,000

Quizplus · Accepted Answer

The amount of B can be calculated by adding up all the credit balances and subtracting all the debit balances. We can estimate the amount of B by subtracting the total credit balance ($1,003,000) from the total debit balance ($1,195,000), which gives us $192,000. However, we also need to adjust for the Dividends and Wages Expense accounts. Since Dividends has a credit balance of $100,000 and Wages Expense has a debit balance of $10,000, we need to subtract $110,000 from our estimate of $192,000. This gives us a final value of $82,000 for B. However, none of the answer choices match this value. Therefore, we need to recheck our calculations and/or look for errors in the trial balance.

The Trial Balance for Parker Company Is as Follows