The total debits in the After-Closing Trial Balance will equal:
A)$23,500.
B)$31,000.
C)$50,750.
D)$58,250.

Name: The total debits in the After-Closing Trial Balance will equal: A)$23,500. B)$31,000. C)$50,750. D)$58,250.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The After-Closing Trial Balance includes only the accounts with balances that are not closed out during the closing process, which are usually the balance sheet accounts. Therefore, the total debits should equal the total credits for these accounts, which is $50,750.

The Total Debits in the After-Closing Trial Balance Will Equal