Broadway,Inc.'s trial balance was in balance at the end of the period and showed the following accounts: What is the balance of the credit column on Broadway's trial balance?
A)$241,200
B)$120,600
C)$90,600
D)$90,000

Question

Broadway,Inc.'s trial balance was in balance at the end of the period and showed the following accounts:  What is the balance of the credit column on Broadway's trial balance?
A)$241,200 
B)$120,600 
C)$90,600 
D)$90,000

Quizplus · Accepted Answer

Total credits = Accounts Payable $30,600 + Common Stock $30,000 + Notes Payable $60,000 = $120,600