Homework answers / question archive / Swifty Corporation showed the following balances at the end of its first year: Cash = $8,360 Prepaid insurance = 380 Accounts receivable = $1,900 Accounts payable = $1,520 Notes payable = $2,280 Common stock = $3,800 Dividends = 380 Revenues = 16,720 Expenses = 9,500 What amount did Swifty Corporation show as total credits? a

Swifty Corporation showed the following balances at the end of its first year: Cash = $8,360 Prepaid insurance = 380 Accounts receivable = $1,900 Accounts payable = $1,520 Notes payable = $2,280 Common stock = $3,800 Dividends = 380 Revenues = 16,720 Expenses = 9,500 What amount did Swifty Corporation show as total credits? a

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Swifty Corporation showed the following balances at the end of its first year:

Cash = $8,360

Prepaid insurance = 380

Accounts receivable = $1,900

Accounts payable = $1,520

Notes payable = $2,280

Common stock = $3,800

Dividends = 380

Revenues = 16,720

Expenses = 9,500

What amount did Swifty Corporation show as total credits?

a. $24,320

b. $25,080

c. $24,700

d. $23,940