What did kerner company show as total credits, Accounting Basics

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What did kerner company show as total credits

Kerner Company showed the following balances at the end of its first year:

Cash $10,000
Prepaid insurance 1,000
Accounts receivable 5,000
Accounts payable 4,000
Notes payable 6,000
Common stock 2,000
Dividends 1,000
Revenues 30,000
Expenses 25,000

What did Kerner Company show as total credits on its trial balance?

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Accounting Basics: What did kerner company show as total credits

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Recent Questions Asked Accounting Basics

Q : Create a resource and quality plan

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Ask an Expert for Answer!!

Accounting Basics: What did kerner company show as total credits

Reference No:- TGS080742

Recent Questions Asked Accounting Basics

Q : Create a resource and quality plan

Q : Red-green color blindness is due to an x-linked

Q : How customer is always righ affects employees working

Q : What is the balance in retained earnings

Q : What did kerner company show as total credits

Q : Alice programming

Q : Explain first-processed versus shortest processing time rule

Q : Describe your plan for processing the potential crime

Q : What are the two emerging trends in packaging

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