Determine what is the total of the trial balance

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Reference no: EM132486012

Cash $15,000

Accounts Payable $15,000

Accounts Receivable 35,000

Notes Payable 25,000

Supplies 4,000

Mortgage Payable 85,000

Prepaid Insurance 3,000

Capital, Mary Ling 195,000

Other Prepaids 1,000

Withdrawals, Mary Ling 22,000

Equipment 65,000

Revenues 190,000

Buildings 140,000 Salaries

Expense 73,000

Land 40,000

Rent Expense 65,000

Patents 10,000

Utilities Expense 37,000

Question1: Assuming all of the accounts have normal balances, what is the total of the trial balance?

A) $532,000

B) $508,000

C) $488,000

D) $510,000

E) Does not balance

Reference no: EM132486012

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