Reference no: EM133183318
Question - Below is a list of selected account balances at the end of the accounting period in 2019, but before the adjusting entries. All accounts are on their normal side.
Accumulated Depreciation- Buildings 80,000
Accounts payable 50,000
Notes Payable: Due August 14, 2022 30,000
Notes Payable: Due May 31, 2020 90,000
Bonds payable 180,000
Common shares 60,000
Retained earnings, January 1, 2019 50000
Sales 241,000
Cash 52,000
Accounts receivable 70,000
Inventory 160,000
Buildings 295,000
Dividends 70000
Salaries expense 85,000
Cost of goods sold 135,000
Required - What is the total sum of credits?
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