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Bertoli Company Showed the Following Balances at the End of Its

question 6

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Bertoli Company showed the following balances at the end of its first year:  Cash $4,000 Prepaid insurance 7,000 Accounts receivable 8,000 Accounts payable 4,000 Notes payable 7,000 Owner’s Capital 3,000 Owner’s Drawings 2,000 Revenues 32,000 Expenses 25,000\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?

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Definitions:

Works Councils

Employee representative bodies present in some European countries, involved in discussing and negotiating workplace matters.

Centralized Collective Bargaining

A form of bargaining where negotiations are conducted at a national, regional, or industry-wide level, rather than between individual employers and their employees.

Employee Voice

Refers to the ways in which employees can express their opinions, concerns, and suggestions about their work and workplace conditions.

Workplace-level Committee

A group within a company tasked with addressing and managing specific issues related to the workplace environment, health and safety, or worker rights.

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