Here is the trial balance for McLeary Company: If the trial balance showed a balance of $4,000 in the Wages Expense account and a balance of $42,500 in the Advertising Fees Earned account, what would be the amount of the Art McLeary, Withdrawals account?

Question

Here is the trial balance for McLeary Company:  If the trial balance showed a balance of $4,000 in the Wages Expense account and a balance of $42,500 in the Advertising Fees Earned account, what would be the amount of the Art McLeary, Withdrawals account?

Quizplus · Accepted Answer

The amount of the Art McLeary, Withdrawals account cannot be determined from the information given in the trial balance. It is not affected by the balances in the Wages Expense or Advertising Fees Earned accounts.

Here Is the Trial Balance for McLeary Company: If