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

To find the total credit balance, we need to add up all the credit balances listed on the trial balance. The only credit balances listed are in the accounts payable, sales revenue, and notes payable accounts. Adding up these three balances, we get $61,800. Therefore, the correct answer is B) $61,800.

Rusthe Company Showed the Following Balances at the End of Its