Here Is the Trial Balance for McLeary Corporation On the Trial Balance,total Assets Equal
A) $45,500

question 168

Multiple Choice

Here is the trial balance for McLeary Corporation: $\begin{array}{c}\text { McLeary Corporation}\\\text { Trial Balance}\\\text { January 31, 2010}\\\begin{array}{lrr}\text { Cash } & \$ 3,000 \\\text { Accounts Receivable } & 2,000 \\\text { Art Supplies } & 3,000 \\\text { Office Supplies } & 5,000 \\\text { Prepaid Rent } & 7,000 \\\text { Prepaid Insurance } & 5,000 \\\text { Art Equipment } & 5,000 \\\text { Office Equipment } & 3,000\\\text { Accounts Payable } & & \$ 10,000 \\\text { Common Stock } && 5,000 \\\text { Retained Earnings } & &5,000\\\text {Dividends}&?\\\text {Advertising Fees Earned}&&?\\\text {Wages Expense}&?\\\text {Utilities Expense}&5,000\\\text {Telephone Expense}&3,000\\&\$A&\$B\end{array}\end{array}$
On the trial balance,total assets equal

• A) $45,500.
• B) $43,500.
• C) $35,500.
• D) $25,500.

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