[The Following Information Applies to the Questions Displayed Below

Multiple Choice

[The following information applies to the questions displayed below.]
Montauk Oil Co.reports these account balances at December 31,2017
On January 2,2018,Montauk Oil collected $50,000 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) $1,540,000.
B) $780,000.
C) $1,020,000.
D) $700,000.