Reference no: EM131015067
Indirect Oil Co. reports these account balances at December 31, 2014
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On January 2, 2015, Indirect Oil collected $25,000 of its accounts receivable and paid $20,000 of its accounts payable.
27. Required information Refer to the information above. In a trial balance prepared at December 31, 2014 the total of the debit column is:
$805,000.
$780,000.
$415,000.
$390,000.
28. Required information Refer to the information above. In a trial balance prepared at January 3, 2015, the total of the debit column is:
$760,000.
$825,000.
$740,000.
$370,000
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