Kenham Co Was Organized on April 1, 2022 What Is the Total in the Balance Sheet Credit Column
Question 61
Question 61
Multiple Choice
Kenham Co. was organized on April 1, 2022. The company prepares monthly financial statements. The adjusted trial balance amounts in the April 30 worksheet are shown below. Cash Accounts Receivable Prepaid Insurance Supplies Equipment Owner’s Drawings Salaries and Wages Expense Insurance Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit$6,7006001,8001,00015,0006009,4001,20085020051050$37,910 Accumulated Depreciation- Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Owner’s Capital Service Revenue Rent Revenue Credit 8505,0001,51040055013,00015,800800$37,910 What is the total in the balance sheet credit column (not including net income) ?
A) $ 7,460 B) $ 8,310 C) $ 9,110 D) $ 21,310
Correct Answer:
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