The Following Are the Current Month's Balances for Toys Galore,Inc

question 12

Multiple Choice

The following are the current month's balances for Toys Galore,Inc.before preparing the trial balance. $$\begin{array} { | l | l | } \hline \text { Accounts Payable } & \$ 7,000 \\\hline \text { Revenue } & 5,000 \\\hline \text { Cash } & 2,000 \\\hline \text { Expenses } & 14,500 \\\hline \text { Furniture } & 11,000 \\\hline \text { Accounts Receivable } & 10,000 \\\hline \text { Common Stock } &? \\\hline \text { Notes Payable } & 6,500 \\\hline\end{array}$$ What amount should be shown for Common Stock on the trial balance?

• A)$39,000
• B)$18,000
• C)$13,500
• D)$23,000

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Definitions:

Transformation

A process by which one chemical compound is changed into another by a chemical reaction or a physical process.

Reagents

Substances or compounds added to a system to cause a chemical reaction or test if a reaction occurs.

Major Organic

Pertains to the primary or most significant organic compound or entity in a particular context or reaction.

Major Organic

Typically refers to the major organic product or compound that is predominantly formed in a chemical reaction.