Selected accounts with a credit amount omitted are as follows What was the balance of Work in Process as of April 30?

Question

Selected accounts with a credit amount omitted are as follows   What was the balance of Work in Process as of April 30?

Quizplus · Accepted Answer

The two given account numbers are likely related to Work in Process (WIP) since they both have a "TBX9037_00" ending, which suggests they are part of the same job. In order to find the balance of WIP as of April 30, we need to add up all the credits and debits related to WIP for the month of April. However, since we do not have the credit amount for either of the given accounts, we cannot include them in our calculation. Therefore, we need to look at the remaining accounts to determine the balance of WIP. 
From the other accounts, the total debit amount related to WIP is $47,300 and the total credit amount is $17,400. To find the balance of WIP, we need to subtract the total credits from the total debits: $47,300 - $17,400 = $29,900. Therefore, the answer is C: $29,900.

Selected Accounts with a Credit Amount Omitted Are as Follows