Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
7 years ago
The following are the current month's balances for Toys Galore, Inc. before preparing the trial balance.

Accounts Payable   $7,000
Revenue   6,000
Cash   2,000
Expenses   14,500
Furniture   11,000
Accounts Receivable   10,000
Common Stock   ?
Notes Payable   6,500

What amount should be shown for Common Stock on the trial balance?
A) $39,000
B) $23,000
C) $18,000
D) $13,500
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 649 times
3 Replies
Replies
Answer verified by a subject expert
TanksTanks
wrote...
#1
Top Poster
Posts: 1274
Rep: 237 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
wrote...
#3
3 years ago
gd
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  874 People Browsing
 121 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 195
  
 148
  
 138
Your Opinion
What's your favorite coffee beverage?
Votes: 274
Previous poll results: What's your favorite funny biology word?