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28.06.2023 22:19
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If at the end of a period, a company has $400 in cash, $100 in accounts receivable,

If at the end of a period, a company has $400 in cash, $100 in accounts receivable, and $100 in accounts payable, the post-closing trial balance will
show worth of debits.
A. $200
O B. $400
O C. $600
O D. $500
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cody4976
cody4976
4,6(47 marks)
Option D

The post closing balance will show $500 worth of debits.

This is because if a company has $400 in cash, that is considered an asset for the company. Cash is an asset for the business.

Accounts receivable is an asset as well because it is the amount that debtors owes the business. It’s the amount that debtors should give to us the business.
KP1998
KP1998
4,6(57 marks)

thanks man and heres dark humor

Explanation:

"I have good and bad news," the doctor said to his patient. "Give me the good news first," the patient said. "Your test results are back," the doctor said, "and you have only two days to live." "That's the good news?" the patient exclaimed. "What's the bad news?" "I've been trying to reach you for two days."

When does a joke become a dad joke? When it leaves and never comes back.

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