Bertoli Company Showed the Following Balances at the End of Its

question 193

Multiple Choice

Bertoli Company showed the following balances at the end of its first year: $\begin{array}{lr}\text { Cash } & \$ 4,000 \\\text { Prepaid insurance } & 7,000 \\\text { Accounts receivable } & 8,000 \\\text { Accounts payable } & 4,000 \\\text { Notes payable } & 7,000\\\text { Owner's Capital } & 3,000 \\\text { Owner's Drawings } & 2,000 \\\text { Revenues } & 32,000 \\\text { Expenses } & 25,000\end{array}$ What did Bertoli Company show as total credits on its trial balance?

• A) $14000
• B) $46000
• C) $44000
• D) $48000

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