Question - The following list of accounts appear in alphabetical order and were taken from ABC Corporation's ledger as of December 31, 2018. The Accounts Payable records were missing.
|
Accounts Payable
|
$?
|
Inventory
|
$7,000
|
|
Accounts Receivable
|
3,000
|
Land
|
5,000
|
|
Building
|
22,000
|
Notes Payable
|
12,000
|
|
Cash
|
9,000
|
Retained Earnings
|
11,000
|
|
Common Stock
|
20,000
|
Unearned Earnings
|
4,000
|
|
Cost of Goods Sold
|
2,000
|
Wage Expense
|
6,000
|
|
Dividends
|
1,000
|
Revenue
|
8,000
|
|
Equipment
|
10,000
|
|
|
Based on this information, determine the total dollar amount of credits that would appear in the company's trial balance.
A) $63,000
B) $67,000
C) $64,000
D) $69,000
E) $65,000