The following are selected current month's balances for Morgan, Inc. $$\begin{array} { | l | r | }
\hline \text { Accounts Payable } & \$ 9,000 \
\hline \text { Revenue } & 11,000 \
\hline \text { Cash } & 3,150 \
\hline \text { Expenses } & 1,600 \
\hline \text { Furniture } & 13,000 \
\hline \text { Accounts Receivable } & 16,000 \
\hline \text { Common Stock } & 7,250 \
\hline \text { Notes Payable } & 6,500 \
\hline
\end{array}$$ Based on this information, calculate the total amount of credits for the trial balance.

Question

The following are selected current month's balances for Morgan, Inc. $$\begin{array} { | l | r | } 
\hline \text { Accounts Payable } & \$ 9,000 \
\hline \text { Revenue } & 11,000 \
\hline \text { Cash } & 3,150 \
\hline \text { Expenses } & 1,600 \
\hline \text { Furniture } & 13,000 \
\hline \text { Accounts Receivable } & 16,000 \
\hline \text { Common Stock } & 7,250 \
\hline \text { Notes Payable } & 6,500 \
\hline
\end{array}$$ Based on this information, calculate the total amount of credits for the trial balance.

Quizplus · Accepted Answer

The Answer of The following are selected current month's balances for Morgan, Inc. $$\begin{array} { | l | r | } 
\hline \text { Accounts Payable } & \$ 9,000 \
\hline \text { Revenue } & 11,000 \
\hline \text { Cash } & 3,150 \
\hline \text { Expenses } & 1,600 \
\hline \text { Furniture } & 13,000 \
\hline \text { Accounts Receivable } & 16,000 \
\hline \text { Common Stock } & 7,250 \
\hline \text { Notes Payable } & 6,500 \
\hline
\end{array}$$ Based on this information, calculate the total amount of credits for the trial balance.

The Following Are Selected Current Month's Balances for Morgan, Inc