What did Chik Chik Company show as total credits

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Problem - Chik Chik Company showed the following balances at the end of its first year:

Cash $3,000

Prepaid insurance 4,700

Accounts receivable 3,500

Accounts payable 2,800

Notes payable 4,200

Owner's Capital 1,400

Owner's Drawings 700

Revenues 22,000

Expenses 17,500

Required - What did Chik Chik Company show as total credits on its trial balance?

Reference no: EM132866950

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