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Here Is the Trial Balance for McLeary Corporation On the Trial Balance,total Assets Equal
A) $45,500

Question 77

Multiple Choice

Here is the trial balance for McLeary Corporation:  McLeary Corporation Trial Balance January 31, 2010 Cash $5,500 Accounts Receivable 2,000 Art Supplies 3,000 Office Supplies 5,000 Prepaid Rent 7,000 Prepaid Insurance 5,000 Art Equipment 5,000 Office Equipment 3,000 Accounts Payable $10,000 Common Stock 5,000 Retained Earnings 5,000 Dividends ? Advertising Fees Earned ? Wages Expense ? Utilities Expense 5,000 Telephone Expense 3,000$A$B\begin{array}{c}\text { McLeary Corporation}\\\text { Trial Balance}\\\text { January 31, 2010}\\\begin{array}{|l|r|r|}\hline\text { Cash } & \$ 5,500 \\\text { Accounts Receivable } & 2,000 \\\text { Art Supplies } & 3,000 \\\text { Office Supplies } & 5,000 \\\text { Prepaid Rent } & 7,000 \\\text { Prepaid Insurance } & 5,000 \\\text { Art Equipment } & 5,000 \\\text { Office Equipment } & 3,000\\\text { Accounts Payable } & & \$ 10,000 \\\text { Common Stock } && 5,000 \\\text { Retained Earnings } && 5,000 \\\text { Dividends } &? &\\\text { Advertising Fees Earned } & &? \\\text { Wages Expense } &?& \\\text { Utilities Expense } & 5,000 \\\text { Telephone Expense } & 3,000 \\&\$A&\$B\\\hline\end{array}\end{array} On the trial balance,total assets equal


A) $45,500.
B) $43,500.
C) $35,500.
D) $25,500.

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