The following are selected current month's balances for Allbright Enterprises. $$\begin{array} { | l | r | }
\hline \text { Accounts Payable } & \$ 9,000 \
\hline \text { Revenue } & 12,000 \
\hline \text { Cash } & 4,000 \
\hline \text { Expenses } & 1,200 \
\hline \text { Furniture } & 14,000 \
\hline \text { Accounts Receivable } & 15,000 \
\hline \text { Allbright, Capital } & 9,250 \
\hline \text { Notes Payable } & 3,950 \
\hline
\end{array}$$ Based on this information,what is the total amount of debits for the trial balance?
A) $29,000
B) $30,200
C) $33,000
D) $34,200

Question

The following are selected current month's balances for Allbright Enterprises. $$\begin{array} { | l | r | } 
\hline \text { Accounts Payable } & \$ 9,000 \
\hline \text { Revenue } & 12,000 \
\hline \text { Cash } & 4,000 \
\hline \text { Expenses } & 1,200 \
\hline \text { Furniture } & 14,000 \
\hline \text { Accounts Receivable } & 15,000 \
\hline \text { Allbright, Capital } & 9,250 \
\hline \text { Notes Payable } & 3,950 \
\hline
\end{array}$$ Based on this information,what is the total amount of debits for the trial balance?
A) $29,000
B) $30,200
C) $33,000
D) $34,200

Quizplus · Accepted Answer

To calculate the total amount of debits, we need to add the debit balances from each account. Adding the debit balances gives us:

$12,000 + $5,000 + $8,000 + $5,000 + $4,000 = $34,000

Therefore, the correct answer is D) $34,200.

The Following Are Selected Current Month's Balances for Allbright Enterprises