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?

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$10,000
$8,000
$5,000
$3,000

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Q: 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?

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

Steps: 5

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.

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?

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