Lohan Company Had the Following Account Balances as of June

question 84

Multiple Choice

Lohan Company had the following account balances as of June 30.
Cash $29,000
Equipment $15,000
Accounts Payable $2,800
T. Lohan, Capital $62,700
T. Lohan, Drawing $5,000
Income from Services $35,000
Rent Expense $12,000
Salaries Expense $8,000
What is the debit balance of the trial balance?

• A) $141,700
• B) $136,700
• C) $64,000
• D) $69,000

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Definitions:

Genotype

The genetic form, or constitution, of a person as determined by heredity.

Monozygotic Twins

Twins that are genetically identical, resulting from the division of a single fertilized egg into two.

Dizygotic Twins

Dizygotic twins, also known as fraternal twins, are two offspring that result from the simultaneous fertilization of two different eggs by two different sperm, leading to genetically distinct siblings.

Menstruation

A monthly biological process where the lining of the uterus is shed, leading to bleeding in women and people with a uterus.