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Barnes Company Showed the Following Balances at the End of Its

question 5

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Barnes Company showed the following balances at the end of its first year:  Cash $14,000 Prepaid insurance 700 Accounts receivable 3,500 Accounts payable 2,800 Notes payable 4,200 Common stock 5,400 Dividends 700 Revenues 24,000 Expenses 17,500\begin{array}{lr}\text { Cash } & \$ 14,000 \\\text { Prepaid insurance } & 700 \\\text { Accounts receivable } & 3,500 \\\text { Accounts payable } & 2,800 \\\text { Notes payable } & 4,200 \\\text { Common stock } & 5,400 \\\text { Dividends } & 700 \\\text { Revenues } & 24,000 \\\text { Expenses } & 17,500\end{array} Mc. 141 (count) What did Barnes Company show as total credits on its trial balance?


Definitions:

Self-disclosure

The act of revealing personal information about oneself to others, which can help in building trust and relationships.

Trust

A firm belief in the reliability, truth, ability, or strength of someone or something.

Self-disclosure

The act of revealing personal information to others, which can enhance intimacy or understanding in relationships.

Competence

The ability to do something successfully or efficiently, often referring to skills or knowledge.

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