Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits? Cash Accounts Receivable Capital Withdrawals Service Fees Rent Expense $1,200 700 1,900 500 1.000 500 $2,900 debit, $2,900 credit $3.900 debit, $3.900 credit $2,000 debit, $2,000 credit $1.200 debit, $1,200 credit

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter3: The Double-entry Framework
Section: Chapter Questions
Problem 4CE: The following accounts have normal balances. Prepare a trial balance. Accounts Payable, 20; Accounts...
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Given the followinglist of accounts with normal balances, what are the trial balance totals of the debits and credits?
$1,200
Cash
Accounts Receivable
Capital
Withdrawals
Service Fees
Rent Expense
700
1,900
500
1,000
500
$2,900 debit, $2,900 credit
O $3.900 debit, $3,900 credit
$2,000 debit, $2,000 credit
$1.200 debit, $1,200 credit
Transcribed Image Text:Given the followinglist of accounts with normal balances, what are the trial balance totals of the debits and credits? $1,200 Cash Accounts Receivable Capital Withdrawals Service Fees Rent Expense 700 1,900 500 1,000 500 $2,900 debit, $2,900 credit O $3.900 debit, $3,900 credit $2,000 debit, $2,000 credit $1.200 debit, $1,200 credit
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