Business, 28.02.2021 17:00 deanazilyiah

Blue Spruce Corp. reports the following ledger account balances at June 30, 2022: Cash $1832
Accounts receivable 2858
Inventory 3904
Prepaid rent 96
Equipment 390
Accumulated depreciation-equipment 66
Accounts payable 910
Unearned rent revenue 136
Common stock 246
Retained earnings 6800
Service revenue 382
Interest revenue 76
Salaries and wages expense 170
Insurance expense 98

Required:
What are total credits on the companyâs trial balance at June 30, 2022?

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Answer from: jt121717

Blue Spruce Corp.

The total credits on the company's trial balance at June 30, 2022 are:

Accumulated depreciation-equipment $66

Accounts payable 910

Unearned rent revenue 136

Common stock 246

Retained earnings 6800

Service revenue 382

Interest revenue 76

Totals $8,616

Explanation:

a) Data and Calculations:

Blue Spruce Corp.

Trial Balance as at June 30, 2022:

Accounts Title Debit Credit

Cash $1832

Accounts receivable 2858

Inventory 3904

Prepaid rent 96

Equipment 390

Accumulated depreciation-equipment $66

Accounts payable 910

Unearned rent revenue 136

Common stock 246

Retained earnings 6800

Service revenue 382

Interest revenue 76

Salaries and wages expense 170

Insurance expense 98

Totals $9,348 $8,616

b) The totals show that the trial balance is not in balance. This may be as a result of errors of omissions, commissions, transposition, etc.

Answer from: Quest

answermeasured by how well she or he does the job'; /

Answer from: Quest

The statement is true

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Blue Spruce Corp. reports the following ledger account balances at June 30, 2022: Cash $1832
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