20.03.2023 - 07:01

At the end of the fiscal year, December 31, 2015, ProHealth Gym had the following revenue and expense accounts: What is the total value of all the expense accounts on January 1, 2016? a) 0 b) 675 c) 10,350 d) 8,825

Question:

At the end of the fiscal year, December 31, 2015, ProHealth Gym had the following revenue and expense accounts:

Rent Expense $4,025
Cost of Goods Sold $2,175
Salary Expense $2,625
Sales $11,025
Depreciation $1,525

What is the total value of all the expense accounts on January 1, 2016?

a) 0

b) 675

c) 10,350

d) 8,825

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