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The Following Are Selected Current Month's Balances for Morgan Company

Question 188

Multiple Choice

The following are selected current month's balances for Morgan Company.  Accounts Payable $8,000 Revenue 12,000 Cash 6,450 Expenses 1,300 Furniture 11,000 Accounts Receivable 14,000 Morgan, Capital 7,250 Notes Payable 5,500\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 8,000 \\\hline \text { Revenue } & 12,000 \\\hline \text { Cash } & 6,450 \\\hline \text { Expenses } & 1,300 \\\hline \text { Furniture } & 11,000 \\\hline \text { Accounts Receivable } & 14,000 \\\hline \text { Morgan, Capital } & 7,250 \\\hline \text { Notes Payable } & 5,500 \\\hline\end{array} Based on this information,calculate the total amount of credits for the trial balance.


A) $25,500
B) $20,750
C) $24,750
D) $32,750

Correct Answer:

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