Zen Hatha opened a Yoga Studio and during a short period as a dealer completed these transactions: What was the total of the debit balances shown in the trial balance prepared after these transactions were posted?
A) $152,300
B) $167,700
C) $173,95
D) $181,900
E) $243,620

Question

Zen Hatha opened a Yoga Studio and during a short period as a dealer completed these transactions:  What was the total of the debit balances shown in the trial balance prepared after these transactions were posted?
A) $152,300 
B) $167,700 
C) $173,95 
D) $181,900 
E) $243,620

Quizplus · Accepted Answer

To calculate the total debit balance, we need to add up all the debits in the trial balance.

Trial balance: 
Cash - $95,700 (debit)
Accounts Receivable - $13,200 (debit)
Prepaid Rent - $1,000 (debit)
Yoga Equipment - $71,000 (debit)
Accumulated Depreciation - Yoga Equipment - $4,000 (credit)
Accounts Payable - $12,000 (credit)
Unearned Revenue - $3,000 (credit)

Total debits = $95,700 + $13,200 + $1,000 + $71,000 = $181,900

Therefore, the correct answer is D) $181,900.

Zen Hatha Opened a Yoga Studio and During a Short