Question

Based on the accounts shown below in the Partial Adjusted Trial Balance dated 12/31/20xx, what is the total dollar ($) amount of the Debits?

Account Name	Normal Account Balance
Cash	$15,834
Accounts Receivable	$80,000
Allowance for Uncollectible Accounts	$1,169
Equipment	$9,000
Retained Earnings	$4,000
Common Stock	$70,000
Revenue	$40,928
Sales Discount	$3,368
Cost of Goods Sold	$3,000
Bad Debt Expense	$5,000

Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

Answer 1

Answer

• Requirement: Total Debit $
• Debit balances of ‘Assets’ account and ‘Expenses’ accounts are entered in the debit column.

		Debit
	Account Name	Normal Account Balance
Asset	Cash	$15,834
Asset	Accounts Receivable	$80,000
Contra Asset	Allowance for Uncollectible Accounts
Asset	Equipment	$9,000
Equity	Retained Earnings
Equity	Common Stock
Revenue	Revenue
Expense	Sales Discount	$3,368
Expense	Cost of Goods Sold	$3,000
Expense	Bad Debt Expense	$5,000
	Total	$116,202 ANSWER