Here Is the Trial Balance for McLeary Corporation If the Trial Balance Showed a Balance of $4,000 in McLeary
Question 123
Question 123
Multiple Choice
Here is the trial balance for McLeary Corporation: McLeary Corporation Trial Balance January 31, 2010 Cash Accounts Receivable Art Supplies Office Supplies Prepaid Rent Prepaid Insurance Art Equipment Office Equipment Accounts Payable Common Stock Retained Earnings Dividends Advertising Fees Earned Wages Expense Utilities Expense Telephone Expense $3,0002,0003,0005,0007,0005,0005,0003,000??5,0003,000$A$10,0005,0005,000?$B If the trial balance showed a balance of $4,000 in the Wages Expense account and a balance of $30,000 in the Advertising Fees Earned account,what would be the amount of Dividends?
A) $25,000 B) $14,000 C) $5,000 D) $19,000
Correct Answer:
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