The Recording Process FOR INSTRUCTOR USE ONLY 2 - 15 79. Electrelane Company showed the following balances at the end of its first year: Cash $ 2,000 Prepaid insurance 3,500 Accounts receivable 2,500 Accounts payable 2,000 Notes payable 3,000 Common stock 1,000 Dividends 500 Revenues 16,000 Expenses 12,500 What did Electrelene Company show as total credits on its trial balance? a. $4,500 b. $22,000 c. $22,500 d. $24,500