Based on the Account Balances Below, What Is the Total

question 41

Multiple Choice

Based on the account balances below, what is the total of the debit and credit columns of the adjusted trial balance? $\begin{array}{lrlr}\text { Service revenue } & \$ 4,300 & \text { Equipment } & \$ 7,400 \\\text { Cash } & 1,525 & \text { Prepaid insurance } & 1,225 \\\text { Unearned service rev. } & 5,320 & \text { Depreciation expense } & 640 \\\text { Salaries and wages expense } & 1,050 & \text { Accum. depreciation } & 1,280 \\\text { Common stock } & 390 & \text { Retained earnings } & 550\end{array}$

• A) $10,150
• B) $11,840
• C) $10,560
• D) $11,430

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Definitions:

Time Sampling

A method of observational study where data is collected at specific and regular intervals over a period to analyze the occurrence of certain behaviors or events.

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