Business, 05.11.2020 17:40 student0724
Elite Inc. has the following balances: Cash ($1,000), Equipment ($10,000), Salaries payable ($5,000), Building ($15,000), Land ($50,000), Equity ($50,000), and Loan payable ($10,000). An accountant prepares a Trial Balance, and it does not tally due to an unknown error. Which amount would the accountant record in a suspense account?
A. $12,000
B.$11,000
C.$13,000
D.$9,000
E.$10,500
Answers: 3
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Elite Inc. has the following balances: Cash ($1,000), Equipment ($10,000), Salaries payable ($5,000)...
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