Given the Following List of Accounts with Normal Balances, What

question 14

Multiple Choice

Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits?

• A) $3,900 debit, $3,900 credit
• B) $4,800 debit, $4,800 credit
• C) $1,900 debit, $1,900 credit
• D) $1,100 debit, $1,100 credit

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Definitions:

Financial Constraints

Limitations on the availability or use of financial resources, affecting an individual's or organization's ability to make decisions.

Different Departments

Units within an organization specialized in distinct operations like marketing, finance, and human resources.

Visionary Organization

An entity guided by a clear, innovative vision for the future, often leading to groundbreaking advancements and leadership in its field.

Organizational Direction

The strategic aims and objectives that guide a company or organization’s decisions and activities towards achieving its long-term goals.