Answer:
Cobras Incorporated
Trial Balance as at March 31.
Debit Credit
Supplies $1,100
Buildings $41,000
Cash $2,100
Accounts Receivable $2,800
Prepaid Insurance $1,100
Salaries Payable $300
Accounts Payable $1,500
Common Stock $21,000
Retained Earnings $14,500
Service Revenue $18,100
Utilities Expense $2,300
Salaries Expense $5,000
Totals $55,000 $55,000
Explanation:
A Trial Balance is used to check mathematical accuracy in ledger Accounts. It represents a list of Balances : Debit and Credit extracted from the Ledger Accounts.
<em />I think it is C but don't quote me on it.
D) Account receivable and note receivable are showing in Expense
If your parents are okay with you getting a debit card of some sort, try the Greenlight card! It’s a debit card where the parent(s) can load money onto the card on a scheduled basis, such as allowance, or they could load money whenever they want. Also, if you are making your own cash, here is what I do. I just pay my father the money that I have and he puts that onto my Greenlight card :)
