Winrow Company Showed the Following Balances at the End of Its

question 131

Multiple Choice

Winrow Company showed the following balances at the end of its first year: $$\begin{array} { l r } \text { Cash } & \$ 11,000 \\\text { Prepaid insurance } & 500 \\\text { Accounts receivable } & 2,500 \\\text { Accounts payable } & 2,000 \\\text { Notes payable } & 3,000 \\\text { Common stock } & 5,000 \\\text { Dividends } & 500 \\\text { Revenues } & 22,000 \\\text { Expenses } & 12,500\end{array}$$ What amount did Winrow Company show as total credits?

• A)$32,500
• B)$32,000
• C)$31,500
• D)$33,000

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Definitions:

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, used in many areas of statistical analysis.

Symmetrically Distributed

A description of a data distribution where, on a graph, the left and right sides of the distribution are approximately mirror images of each other.

Normally Distributed

A type of continuous probability distribution characterized by a symmetrical, bell-shaped curve, where the mean, median, and mode are all equal.

Standard Deviation

A measure of the dispersion or variability in a set of values, indicating how much individual values deviate from the mean.