Ink, Inc has the following accounts with normal balances on its ...

[bclement10]

Ink, Inc has the following accounts with normal balances on its adjusted trial balance after its first year of business.
 
  Cash  800
  Unearned revenue 300
  Insurance expense 200
  Equipment 800
  Accumulated depreciation 100
  Depreciation expense 100
  Sales 1,000
  Wages expense 400
  Common stock 1,000
  Dividends 100
 
  How much is the credit column total on the adjusted trial balance?
  A) 2,600
  B) 2,400
  C) 2,300
  D) 2,200

Question 2

(Appendix) The three types of business activities are operating activities, investing activities, and capital activities.
 a. True
   b. False
   Indicate whether the statement is true or false

[mrphibs]

Answer to Question 1

B

Answer to Question 2

False

[bclement10]

Excellent

[kswal303]

TYSM