Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the total credits can be calculate by using following formula:
Total Credits = Accounts payable + Notes payable + Common stock + Dividends + Revenue
Where,
Accounts payable = $3,020
Notes payable = $4,540
Common Stock = $5,830
Dividends = $760
Revenue = $31,320
By putting these value in the formula we get,
Total Credits = $3,020 + $4,540 + $5,830 + $760 + $31,320
= $45,470
