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 Based on the accounts shown below in the Partial Adjusted Trial Balance dated 12/31/20xx, what is the total dollar (5) amount of the Credits Account Name Normal Account Balance Cash Inventory Equipment Accumulated Depreciation Deferred Revenue Common Stock $15,000 $9

Accounting Nov 29, 2020

 Based on the accounts shown below in the Partial Adjusted Trial Balance dated 12/31/20xx, what is the total dollar (5) amount of the Credits Account Name Normal Account Balance Cash Inventory Equipment Accumulated Depreciation Deferred Revenue Common Stock $15,000 $9.000 $80.275 $1,181 $4,000 $75.458 $40,000 $3,464 $3.000 Revenue Sales Return Cost of Goods Sold Interest Expense $5.000 Fill in the blank with your calculated number, DO NOT include commas, signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24.123. you would only input: 24123

Expert Solution

Credit balances:-

Accumulated Depreciation + Deferred Revenue + Common Stock + Revenue

=> 1181 + 4000 + 75458 + 40000 => 120639

 

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