[The Following Information Applies to the Questions Displayed Below

question 108

Multiple Choice

[The following information applies to the questions displayed below.]
Indirect Oil Co.reports these account balances at December 31,2017
On January 2,2018,Indirect Oil collected $25,000 of its accounts receivable and paid $20,000 of its accounts payable.
-In a trial balance prepared at December 31,2017 the total of the debit column is:

• A)$805,000.
• B)$780,000.
• C)$415,000.
• D)$390,000.

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