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Given the Following Balances,what Would the Total Credits in the Trial

Question 68

Multiple Choice

Given the following balances,what would the total credits in the trial balance equal?
 1. Equipment $52,000 2. Accounts Payable 1,000 3. Sales 51,000 4. Accumulated Depreciation 3,000 5. Accounts Receivable 4,000 6. Retained Earnings 13,000 7. Salary Expense 4,000 8. Cash 12,000 9. Paid-in Capital 10,000 10. Cost of Goods Sold 25,000\begin{array}{lll}\text { 1. Equipment } & \$ 52,000 \\\text { 2. Accounts Payable } & 1,000 \\\text { 3. Sales } & 51,000 \\\text { 4. Accumulated Depreciation } & 3,000 \\\text { 5. Accounts Receivable } & 4,000 \\\text { 6. Retained Earnings } & 13,000 \\\text { 7. Salary Expense } & 4,000 \\\text { 8. Cash } & 12,000 \\\text { 9. Paid-in Capital } & 10,000 \\\text { 10. Cost of Goods Sold } & 25,000\end{array}


A) $103,000
B) $129,000
C) $ 97,000
D) $78,000
E) $83,000

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