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25 April, 15:59

Ruth Company showed the following balances at the end of its first year.

Cash $7000

Prepaid Insurance $700

Accounts Receivable $3500

Accounts Payable $2800

Notes Payable $4200

Denton Capital $1400

Denton Drawing $700

Revenues $21000

Expenses $17500

What did Ruth Company show as total credits on its trial balance?

$30,800

$30,100

$28,700

$29,400

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  1. 25 April, 19:58
    0
    Answer:Option $29,400

    Explanation:

    The credit items that will be shown on the trial balance are as follows

    Accounts payable 2800

    Notes Payable 4200

    Denton Capital 1400

    Revenues 21000

    Total Credits in 29400

    trial balance

    In a trial balance the total debit and credit items should balance. Trial balance has all the items that are posted in the general ledger account. It is a book keeping work sheet that contains the balance of all ledgers. At end of reporting time trial balance is prepared by the company.
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