3. A company had the following accounts and balances at year-end (shown in thousands Cash Accounts receivable Accounts payable Service fee revenue Account Rent expense Insurance expense Supplies Common Stock Retained earnings Dividends O A $46 OBS67 OC $104 OD. $208 Balance $30 32 20 65 15 5 15 4 If all of the accounts have normal balances, what are the totals for the trial balance debit and credit columns? 18

3. A company had the following accounts and balances at year-end (shown in thousands Cash Accounts receivable Accounts payable Service fee revenue Account Rent expense Insurance expense Supplies Common Stock Retained earnings Dividends O A $46 OBS67 OC $104 OD. $208 Balance $30 32 20 65 15 5 15 4 If all of the accounts have normal balances, what are the totals for the trial balance debit and credit columns? 18

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 9E

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