The following are selected current month's balances for Allbright Enterprises. $$\begin{array} { | l | r | }
\hline \text { Accounts Payable } & \$ 8,000 \
\hline \text { Revenue } & 12,000 \
\hline \text { Cash } & 6,000 \
\hline \text { Expenses } & 1,300 \
\hline \text { Furniture } & 10,000 \
\hline \text { Accounts Receivable } & 14,000 \
\hline \text { Common Stock } & 7,250 \
\hline \text { Notes Payable } & 4,050 \
\hline
\end{array}$$ Based on this information, calculate is the total amount of debits for the trial balance?

Question

The following are selected current month's balances for Allbright Enterprises. $$\begin{array} { | l | r | } 
\hline \text { Accounts Payable } & \$ 8,000 \
\hline \text { Revenue } & 12,000 \
\hline \text { Cash } & 6,000 \
\hline \text { Expenses } & 1,300 \
\hline \text { Furniture } & 10,000 \
\hline \text { Accounts Receivable } & 14,000 \
\hline \text { Common Stock } & 7,250 \
\hline \text { Notes Payable } & 4,050 \
\hline
\end{array}$$ Based on this information, calculate is the total amount of debits for the trial balance?

Quizplus · Accepted Answer

The total amount of debits for the trial balance is calculated by adding up the debit balances. Debit balances include expenses, assets, and losses. From the given information, the debit balances are: Cash ($6,000), Expenses ($1,300), Furniture ($10,000), and Accounts Receivable ($14,000). Adding these together gives a total of $31,300.

The Following Are Selected Current Month's Balances for Allbright Enterprises