Based on the Following Information,what Would Be the Total on the Credit

question 260

Multiple Choice

Based on the following information,what would be the total on the Credit side of a post closing trial balance,assuming all accounts have a normal balance?
$\begin{array}{lrlr}\text { Cash } & \$ 6,754 & \text { Dividends } & \$ 2,000 \\\text { Accounts receivable } & 13,733 & \text { Consulting fees earned } & 13,71 \\\text { Office supplies } & 2,625 & \text { Rent expense } & 3,67 \\\text { Land } & 37,153 & \text { Salaries expense } & 6,64 \\\text { Office equipment } & 14,535 & \text { Telephone expense } & 560 \\\text { Accounts payable } & 6,463 & \text { Miscellaneous expense } & 280 \\\text { Common stock } & 54,490 & \text { Retained Earnings } & ?\end{array}$

• A)$61,516
• B)$74,671
• C)$74,800
• D)$87,955
• E)$81,263

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Definitions:

Visual Cortex

The part of the cerebral cortex responsible for processing visual information.

Hypnagogic Sensations

Experiences that occur at the onset of sleep, characterized by vivid sensory phenomena such as seeing shapes, hearing noises, or feeling as if falling.

Sleep Spindles

Sudden bursts of oscillatory brain activity visible on an EEG that occur during stage 2 of NREM sleep, associated with memory consolidation and synaptic plasticity.

Delta Waves

Slow brain waves observed in the deepest stages of sleep, associated with healing and regeneration.