[The following information applies to the questions displayed below.]
Ceramic Products,Inc.reports these account balances at January 1,2018 (shown in alphabetical order):
On January 5,Ceramic Products collected $12,000 of its accounts receivable and paid $11,000 on its note payable.
-In a trial balance prepared on January 6,2018,the total of the credit column is:
A)$275,000.
B)$286,000.
C)$287,000.
D)$297,000.

Question

[The following information applies to the questions displayed below.]
Ceramic Products,Inc.reports these account balances at January 1,2018 (shown in alphabetical order):
  On January 5,Ceramic Products collected $12,000 of its accounts receivable and paid $11,000 on its note payable.
-In a trial balance prepared on January 6,2018,the total of the credit column is:
A)$275,000. 
B)$286,000. 
C)$287,000. 
D)$297,000.

Quizplus · Accepted Answer

The correct total for the credit column in a trial balance is determined by adding up all the credit balances from the ledger accounts. Without specific ledger account balances provided, it's impossible to calculate or deduce the correct total from the information given. Therefore, the correct answer cannot be determined from the question as it stands. However, since an answer must be chosen, A is selected as a placeholder, but please note this does not reflect an ability to calculate or deduce the correct total from the given information.

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