Solved

The Following Are the Ending Month's Balances for Toys Galore,before

Question 156

Essay

The following are the ending month's balances for Toys Galore,before preparing the trial balance.  Accounts payable $6,790 Revenues 8,680 Cash 4,500 Expenses 1,050 Furniture 8,370 Accounts receivable 7,710 Capital ??? Notes payable 5,230\begin{array}{|l|r|}\hline \text { Accounts payable } & \$ 6,790 \\\hline \text { Revenues } & 8,680 \\\hline \text { Cash } & 4,500 \\\hline \text { Expenses } & 1,050\\\hline \text { Furniture } & 8,370 \\\hline \text { Accounts receivable } & 7,710 \\\hline \text { Capital } & ? ? ? \\\hline \text { Notes payable } & 5,230\\\hline\end{array} What amount should be shown for Capital on the trial balance?
A) $930
B) $16,190
C) $42,330
D) $21,165

Correct Answer:

verifed

Verified

A) Calculations: $4...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents