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The Following Are the Current Month's Balances for Toys Galore,Inc

Question 12

Multiple Choice

The following are the current month's balances for Toys Galore,Inc.before preparing the trial balance.  Accounts Payable $7,000 Revenue 5,000 Cash 2,000 Expenses 14,500 Furniture 11,000 Accounts Receivable 10,000 Common Stock ? Notes Payable 6,500\begin{array} { | l | l | } \hline \text { Accounts Payable } & \$ 7,000 \\\hline \text { Revenue } & 5,000 \\\hline \text { Cash } & 2,000 \\\hline \text { Expenses } & 14,500 \\\hline \text { Furniture } & 11,000 \\\hline \text { Accounts Receivable } & 10,000 \\\hline \text { Common Stock } &? \\\hline \text { Notes Payable } & 6,500 \\\hline\end{array} What amount should be shown for Common Stock on the trial balance?


A) $39,000
B) $18,000
C) $13,500
D) $23,000

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