[The following information applies to the questions displayed below.]
Indirect Oil Co.reports these account balances at December 31,2017
On January 2,2018,Indirect Oil collected $25,000 of its accounts receivable and paid $20,000 of its accounts payable.
-In a trial balance prepared at January 3,2018,the total of the debit column is:
A)$760,000.
B)$825,000.
C)$740,000.
D)$370,000.

Question

[The following information applies to the questions displayed below.]
Indirect Oil Co.reports these account balances at December 31,2017
  On January 2,2018,Indirect Oil collected $25,000 of its accounts receivable and paid $20,000 of its accounts payable.
-In a trial balance prepared at January 3,2018,the total of the debit column is:
A)$760,000. 
B)$825,000. 
C)$740,000. 
D)$370,000.

Quizplus · Accepted Answer

The Answer of [The following information applies to the questions displayed below.]
Indirect Oil Co.reports these account balances at December 31,2017
  On January 2,2018,Indirect Oil collected $25,000 of its accounts receivable and paid $20,000 of its accounts payable.
-In a trial balance prepared at January 3,2018,the total of the debit column is:
A)$760,000. 
B)$825,000. 
C)$740,000. 
D)$370,000.

[The Following Information Applies to the Questions Displayed Below