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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