Here is the trial balance for Sebastian Corporation: If the trial balance showed a balance of $8,000 in the Wages Expense account and a balance of $60,000 in the Advertising Fees Earned account,what would be the amount of Dividends?
A) $50,000
B) $28,000
C) $10,000
D) $38,000

Question

Here is the trial balance for Sebastian Corporation:  If the trial balance showed a balance of $8,000 in the Wages Expense account and a balance of $60,000 in the Advertising Fees Earned account,what would be the amount of Dividends?
A) $50,000 
B) $28,000 
C) $10,000 
D) $38,000

Quizplus · Accepted Answer

The amount of dividends cannot be determined from the trial balance since the dividends account does not appear in the trial balance. Dividends are not an expense or revenue account and therefore, do not appear in the trial balance. The amount of dividends must be provided separately or calculated from other available information. Since no other information is given regarding dividends, the answer is simply $10,000, which is the only option that does not involve dividends.

Here Is the Trial Balance for Sebastian Corporation: If