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What is the total of the debit column in a trial balance if the following balanc

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Question: What is the total of the debit column in a trial balance if the following balances are given: Cash $5,000, Accounts Receivable $3,000, and Inventory $2,000?

Options:

  1. $10,000
  2. $8,000
  3. $5,000
  4. $3,000

Correct Answer: $8,000

Solution: 

Total debit column = Cash + Accounts Receivable + Inventory = $5,000 + $3,000 + $2,000 = $10,000.

What is the total of the debit column in a trial balance if the following balanc

Practice Questions

Q1
What is the total of the debit column in a trial balance if the following balances are given: Cash $5,000, Accounts Receivable $3,000, and Inventory $2,000?
  1. $10,000
  2. $8,000
  3. $5,000
  4. $3,000

Questions & Step-by-Step Solutions

What is the total of the debit column in a trial balance if the following balances are given: Cash $5,000, Accounts Receivable $3,000, and Inventory $2,000?
  • Step 1: Identify the amounts in the debit column. The amounts given are: Cash = $5,000, Accounts Receivable = $3,000, and Inventory = $2,000.
  • Step 2: Write down the amounts to be added together: $5,000 (Cash), $3,000 (Accounts Receivable), and $2,000 (Inventory).
  • Step 3: Add the amounts together: Start with $5,000 and add $3,000, which equals $8,000.
  • Step 4: Now add the last amount: $8,000 + $2,000 equals $10,000.
  • Step 5: The total of the debit column is $10,000.
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