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Swifty Company showed the following balances at the end of its first year: Cash $3930 Prepaid insurance 6910 Accounts receivable 4990 Accounts payable 3960 Notes payable 5930 Owner’s Capital 2090 Owner’s
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Swifty Company showed the following balances at the end of its first year: Cash $3930 Prepaid insurance 6910 Accounts receivable 4990 Accounts payable 3960 Notes payable 5930 Owner’s Capital 2090 Owner’s Drawings 960 Revenues 32100 Expenses 24800 What did Swifty Company show as total credits on its trial balance? a. $44080 b. $49070 c. $45040 d. $9390

User Morten Haraldsen
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1 Answer

6 votes

Answer:

$44,080

Step-by-step explanation:

The total credit for swifty company can be calculated as follows

Account payable + notes payable + common stock + revenue

= 3960 + 5930 + 2090 + 32100

= 44,080

Hence the total credits is $44,080

User Kaleb Portilho
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4.1k points
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