Question

Flinn’s Fost Products showed the following account balances at the end of 2019:

Cash.............................................. $ 62,000

Accounts Receivable...................... 21,000

Accounts Payable........................... 16,600

Unearned Revenue........................ 1,200

Sales.............................................. 112,000

Flinn, Capital.................................. 71,500

Flinn, Withdrawals......................... 62,000

Office Supplies............................... 2,800

Wages Expense.............................. 45,000

Utilities Expense............................ 8,500

Assuming all accounts have normal balances, what are the totals for the debit and credit columns in the trial balance?

Select one:

a. $139,300

b. $200,100

c. $201,300

d. $129,800

Answer 1

Trial Balance

	Debit $	Credit $
Cash	62,000
Accouts receivable	21,000
Accounts Payable		16,600
Unearned revenue		1,200
Sales		112,000
Flinn, Capital		71,500
Flinn, Withdrawals	62,000
Office Supplies	2,800
Wages expense	45,000
Utilities expense	8,500
Total	201,300	201,300
Correct answer is option C .