Qwik Company Showed the Following Balances at the End of Its

Multiple Choice

Qwik Company showed the following balances at the end of its first year:
$\begin{array}{lr}\text { Cash } & \$ 8,700 \\\text { Prepaid insurance } & 9,400 \\\text { Accounts receivable } & 7,000 \\\text { Accounts payable } & 5,800\\\text { Notes payable } & 9,400 \\\text { Owner's Capital } & 2,300 \\\text { Owner's Drawings } & 1,400 \\\text { Revenues } & 44,000 \\\text { Expenses } & 35,000\end{array}$
What is the total of the accounts with a credit balance?

A) $ 52,400
B) $ 61,500
C) $ 62,900
D) $ 70,900