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Your Ledger Accounts Have the Following Balances What Is the Balance of the Debit and Credit Columns

Question 20

Multiple Choice

Your ledger accounts have the following balances:  Cash 10,000 Creditors 85,000 Capital 337,000 Equipment 250,000 Sales 325,000 Inventory 50,000 Cost of Sales 250,000 Drawings 25,000 Expenses 52,000 Debtors 110,000\begin{array}{|l|r|}\hline \text { Cash } & 10,000 \\\hline \text { Creditors } & 85,000 \\\hline \text { Capital } & 337,000 \\\hline \text { Equipment } & 250,000 \\\hline \text { Sales } & 325,000 \\\hline \text { Inventory } & 50,000 \\\hline \text { Cost of Sales } & 250,000 \\\hline \text { Drawings } & 25,000 \\\hline \text { Expenses } & 52,000 \\\hline \text { Debtors } & 110,000 \\\hline\end{array} What is the balance of the debit and credit columns of the trial balance?


A) $747 000
B) $525 000
C) $994 000
D) $785 000

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