Accounting Assignment | College Homework Help

700 Question 6 (4 points) 6. Barnes Company showed the following balances at the end of its first year: Cash $14,000 Prepaid insurance Accounts receivable 3,500 Accounts payable 2,800 Notes payable 4,200 Common stock 5,400 Dividends 700 Revenues 29,000 Expenses 17,500 What amount did Barnes Company show as total credits? $40,700 $42,100 $42,800 $41,400