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Based on the following information, what would be the total on the Credit side of a post- closing…
Based on the following information, what would be the total on the Credit side of a post- closing…
| Cash | $6,874 | Dividends | $3,200 |
| Accounts receivable | 14,933 | Consulting fees earned | 14,918 |
| Office supplies | 2,745 | Rent expense | 3,793 |
| Land | 38,353 | Salaries expense | 6,762 |
| Office equipment | 15,735 | Telephone expense | 680 |
| Accounts payable | 6,583 | Miscellaneous expense | 400 |
| Common stock | 55,690 | Retained Earnings | ? |
| $85,223 | |
| $77,191 | |
| $93,475 | |
| $78,640 | |
| $62,356 |
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