Multiple Choice
Given the following account balances from the general ledger of Zips Storage at January 1, 2024, which of the following statements about the trial balance is correct?
Cash: \$5,000
Accounts Receivable: \$2,500
Equipment: \$10,000
Accounts Payable: \$3,000
Owner's Capital: \$14,500
What should be the total of the debit column in the trial balance?
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