A Company Had the Following Account Balances at Year-End

question 96

Multiple Choice

A company had the following account balances at year-end:
Cash…………………………………………$30,000
Accounts receivable………………………… 32,000
Accounts payable…………………………… 20,000
Fees earned…………………………………..65,000
Rent expense…………………………………15,000
Insurance expense……………………………..4,800
Supplies………………………………………..5,000
Common Stock………………………………..5,000
Retained Earnings………………………… ..14,800
Dividends…………………………………… 18,000
If all of the accounts have normal balances,what are the totals for the trial balance?

• A)$45,200
• B)$67,000
• C)$104,800
• D)$209,600
• E)$186,600

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Definitions:

Intimate Interaction

involves close and personal dealings or exchanges between individuals, often conveying a deeper level of connection or familiarity.

Attention

The mental focus or concentration on a specific object, task, or activity, determining what information we process and respond to in our environment.

Dramaturgical Process

A perspective in sociology that likens social interaction to a theatrical performance, where individuals manage impressions in front of others.

Social Interaction

The process by which individuals act and react in relation to others, involving communication, cooperation, and sometimes conflict.