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The Following Is a Random List of the Adjusted Account

question 62

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The following is a random list of the adjusted account balances of Wyoming Company as of the end of the current accounting period:
 Cash 34,000 Accounts Receivable 9,400 Accounts Payable 7,400 Service Revenue 34,400 Land 48,000 Retained Earnings 32,400 Operating Expenses 22,800 Common Stock 40,000\begin{array}{|c|c|c|c|}\hline \text { Cash } & 34,000& \text { Accounts Receivable } & 9,400 \\\hline \text { Accounts Payable } & 7,400& \text { Service Revenue } & 34,400 \\\hline \text { Land } &48,000 & \text { Retained Earnings } & 32,400 \\\hline \text { Operating Expenses } & 22,800 &\text { Common Stock } & 40,000 \\\hline\end{array}
What is the total of the credit account balances that will be shown on the adjusted trial balance?

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Definitions:

Inflation

The speed at which prices for general goods and services go up, resulting in a decline in how much money can buy.

Economy's Overall Price Level

The average of current prices across the entire spectrum of goods and services available in the economy, indicating inflation or deflation trends.

Rising

Describes an increase or upward movement in metrics such as price, quantity, or value.

Base Year

A reference year used for comparative purposes in the calculation of indexes, such as the Consumer Price Index, to measure changes over time.

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