[The Following Information Applies to the Questions Displayed Below

question 53

Multiple Choice

[The following information applies to the questions displayed below.]
Ceramic Products,Inc.reports these account balances at January 1,2018 (shown in alphabetical order) :
On January 5,Ceramic Products collected $12,000 of its accounts receivable and paid $11,000 on its note payable.
-In a trial balance prepared for Ceramic Products on January 1,2018,the total of the credit column is:

• A)$182,000.
• B)$196000.
• C)$166,000.
• D)$286,000.

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