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The Following Account Balances Were Listed on the Trial Balance

Question 128

Multiple Choice

The following account balances were listed on the trial balance of Edgar Company at the end of the period:  Account  Balance  Accounts Payable 30,600 Cash 48,900 Common Stock 30,000 Equipment 13,500 Land 45,000 Notes Payable 60,000\begin{array}{lr}\text { Account } & \text { Balance } \\\text { Accounts Payable } & 30,600 \\\text { Cash } & 48,900 \\\text { Common Stock } & 30,000 \\\text { Equipment } & 13,500 \\\text { Land } & 45,000 \\\text { Notes Payable } & 60,000\end{array} The company's trial balance is not in balance and the company's accountant has determined that the error is in the cash account.What is the correct balance in the cash account?


A) $57,900
B) $31,500
C) $2,100
D) $62,100

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