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27 June, 06:42

showed the following balances at the end of its first year: Cash $12600 Prepaid insurance 630 Accounts receivable 3150 Accounts payable 2520 Notes payable 3780 Common stock 4860 Dividends 630 Revenues 26100 Expenses 15750 What amount did Metlock, Inc. show as total credits

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  1. 27 June, 07:02
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    The amount Metlock, Inc. would show as total credits with the given balance at the end of its first year is: $37,260

    Particulars Amount

    Accounts payable 2,520

    Notes payable 3,780

    Common stock 4,860

    Revenues 26,100

    Total $37,260

    Note: The following are amount that have credit balance on Trial balance
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