Winrow Company Showed the Following Balances at the End of Its

question 34

Multiple Choice

Winrow Company showed the following balances at the end of its first year: $$\begin{array} { l r } \text { Cash } & \$ 11,000 \\\text { Prepaid insurance } & 500 \\\text { Accounts receivable } & 2,500 \\\text { Accounts payable } & 2,000 \\\text { Notes payable } & 3,000 \\\text { Common stock } & 5,000 \\\text { Dividends } & 500 \\\text { Revenues } & 17,000 \\\text { Expenses } & 12,500\end{array}$$ What did Winrow Company show as total credits on its trial balance?

• A) $27,500
• B) $27,000
• C) $26,500
• D) $28,000

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Definitions:

Work Environment

The setting, conditions, and culture that employees experience within their workplace, affecting their performance and well-being.

Compliance

The act of conforming to a request or command, often used in legal and regulatory contexts to denote adherence to rules or standards.

Internalization

The process of integrating beliefs, values, standards, or norms into one's own cognitive structure, often influencing behavior.

Identification

Refers to the process by which individuals associate themselves with particular groups, causing those groups' values and norms to become integrated into their own self-concept.