Broadway, inc.âs trial balance was in balance at the end of the period and showed the following accounts: account balance accounts payable $ 27,600 cash 45,000 common stock 21,800 equipment 10,800 land 42,600 notes payable 49,000 what is the balance of the credit column on broadway's trial balance?

$98,400

Explanation:

A trial balance shows the balances of all the accounts of an entity at the end of a period. It is basically grouped into debits and credit balances with the debits being the asset and expense while the credit balances are common stock, Income and liabilities. The trial balance of Broadway, Inc.âs is as shown below

Accounts Balances   Debit         Credit  

Cash                           45,000.00  

Equipment                   10,800.00  

Land                           42,600.00  

Accounts Payable                27,600.00  

Notes Payable                         49,000.00  

Common Stock                        21,800.00  

Therefore, total credits

= 27600 + 49000 + 21800

= $98,400

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer90,000;