Only two adjustments appear in the "Adjustments" column of a worksheet for Winona Manufacturing Company: one to record $7,300 depreciation of factory equipment and the second to record the use of $1,150 of prepaid insurance. If the Trial Balance column totals are $144,680, what are the totals of the Adjusted Trial Balance columns? Select one: a. $ 144,680. b. $153, 130. c. $151, 980. d. $150,830.

Only two adjustments appear in the "Adjustments" column of a worksheet for Winona Manufacturing Company: one to record $7,300 depreciation of factory equipment and the second to record the use of $1,150 of prepaid insurance. If the Trial Balance column totals are $144,680, what are the totals of the Adjusted Trial Balance columns? Select one: a. $ 144,680. b. $153, 130. c. $151, 980. d. $150,830.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 6MCQ: Refer to the information for Cox Inc. above. What amount would Cox record as depreciation expense...

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