Question

Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits?

Cash
$1,100
Accounts Receivable
800
Capital
1,900
Withdrawals
500
Service Fees
1,000
Rent Expense
500

A. $2,900 debit, $2,900 credit
B. $3,900 debit, $3,900 credit
C. $2,000 debit, $2,000 credit
D. $1,200 debit, $1,200 credit

Answer 1

Hi there
The debt side should be equalthe credit side

The debt side includes
Cash $1,100
Accounts Receivable 800
Withdrawals 500
Rent Expense 500
Total= 2900

The credit side includes
Capital 1,900
Service Fees 1,000
Total=2900

So it's A

Good luck!