Given the Following List of Accounts with Normal Balances, What

question 124

Multiple Choice

Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits? $$\begin{array}{l}\begin{array} {| l | l | } \hline \text {Cash}&\$1,200 \\\hline \text {Accounts Receivable}&700\\\hline \text {Capital}&1,900\\\hline \text {Withdrawals}&500\\\hline \text {Service Fees }&1,000\\\hline \text {Rent Expense}&500\\\hline\end{array}\end{array}$$

• A) $2,900 debit, $2,900 credit
• B) $3,900 debit, $3,900 credit
• C) $2,000 debit, $2,000 credit
• D) $1,200 debit, $1,200 credit

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Definitions:

Macro

A set of instructions that automate repetitive tasks within software applications.

Conditional Expression

An expression that evaluates to true or false based on a specific condition, often used in control structures like if-then-else statements.

If Statement

A conditional statement in programming that executes a block of code if a specified condition is true and often includes an else clause for when the condition is false.

Evaluated

The process of assessing or examining something to determine its value, quality, or importance.