Lohan Company had the following account balances as of June 30.
Cash $29,000
Equipment $15,000
Accounts Payable $2,800
T. Lohan, Capital $62,700
T. Lohan, Drawing $5,000
Income from Services $35,000
Rent Expense $12,000
Salaries Expense $8,000
What is the debit balance of the trial balance?
A) $141,700
B) $136,700
C) $64,000
D) $69,000

Question

Lohan Company had the following account balances as of June 30. 
Cash $29,000
Equipment $15,000
Accounts Payable $2,800
T. Lohan, Capital $62,700
T. Lohan, Drawing $5,000
Income from Services $35,000
Rent Expense $12,000
Salaries Expense $8,000
What is the debit balance of the trial balance?
A) $141,700
B) $136,700
C) $64,000
D) $69,000

Quizplus · Accepted Answer

The Answer of Lohan Company had the following account balances as of June 30. 
Cash $29,000
Equipment $15,000
Accounts Payable $2,800
T. Lohan, Capital $62,700
T. Lohan, Drawing $5,000
Income from Services $35,000
Rent Expense $12,000
Salaries Expense $8,000
What is the debit balance of the trial balance?
A) $141,700
B) $136,700
C) $64,000
D) $69,000

Lohan Company Had the Following Account Balances as of June