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The trial balance of Kelso Company had accounts with the following normal balances: Cash, $8,000; Accounts...

The trial balance of Kelso Company had accounts with the following normal balances: Cash, $8,000; Accounts Receivable, $6,000; Equipment, $10,000; Accounts Payable, $9,000; Owner’s Capital, $15,000; Owner’s Drawings, $500; Service Revenue, $7,000; Rent Expense, $1,000; Salaries and Wages Expense, $3,000; and Advertising Expense, $2,500. In preparing the trial balance, the total in the debit column is

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Cash 8000
Accounts Receivable 6000
Equipment 10000
Owner’s Drawings 500
Rent Expense 1000
Salaries and Wages Expense 3000
Advertising Expense 2500
Total in the debit column 31000

ekkarill92 answered 1 year ago
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