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Mazaya Company showed the following balances at the end of its first year: Cash R.O. 18,200; Prepaid insurance 1,820; Accounts receivable 9,100; Accounts payable 7,280; Notes payable 10,920; Share capital- ordinary 3,640; Dividends 1,820; Revenues 54,600; Expenses 45.500; What did Mazaya Company show as tota debits on its trial balance? Select one: a. R.O.78,260 O b.R.O.80,080 O CR.O.74,620 d. R.O.76,440

Mazaya Company showed the following balances at the end of its first year: Cash R.O. 18,200; Prepaid insurance 1,820; Accounts receivable 9,100; Accounts payable 7,280; Notes payable 10,920; Share capital- ordinary 3,640; Dividends 1,820; Revenues 54,600; Expenses 45.500; What did Mazaya Company show as tota debits on its trial balance? Select one: a. R.O.78,260 O b.R.O.80,080 O CR.O.74,620 d. R.O.76,440

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Mazaya Company showed the following balances at the end of its first year: Cash R.O. 18,200; Prepaid insurance 1,820; Accounts receivable 9,100; Accounts payable 7,280; Notes payable 10,920; Share capital- ordinary 3,640; Dividends 1,820; Revenues 54,600; Expenses 45.500; What did Mazaya Company show as tota debits on its trial balance? Select one: a. R.O.78,260 O b.R.O.80,080 O CR.O.74,620 d. R.O.76,440
Transcribed Image Text:Mazaya Company showed the following balances at the end of its first year: Cash R.O. 18,200; Prepaid insurance 1,820; Accounts receivable 9,100; Accounts payable 7,280; Notes payable 10,920; Share capital- ordinary 3,640; Dividends 1,820; Revenues 54,600; Expenses 45.500; What did Mazaya Company show as tota debits on its trial balance? Select one: a. R.O.78,260 O b.R.O.80,080 O CR.O.74,620 d. R.O.76,440
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