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Question 53

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[The following information applies to the questions displayed below.]
Ceramic Products,Inc.reports these account balances at January 1,2018 (shown in alphabetical order) :
[The following information applies to the questions displayed below.] Ceramic Products,Inc.reports these account balances at January 1,2018 (shown in alphabetical order) :    On January 5,Ceramic Products collected $12,000 of its accounts receivable and paid $11,000 on its note payable. -In a trial balance prepared for Ceramic Products on January 1,2018,the total of the credit column is: A) $182,000. B) $196000. C) $166,000. D) $286,000. On January 5,Ceramic Products collected $12,000 of its accounts receivable and paid $11,000 on its note payable.
-In a trial balance prepared for Ceramic Products on January 1,2018,the total of the credit column is:


A) $182,000.
B) $196000.
C) $166,000.
D) $286,000.

Correct Answer:

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