### Educational Content on Partial Adjusted Trial Balance**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 Details:**| Account Name | Normal Account Balance ||----------------------------|------------------------|| Cash | $15,000 || Inventory | $9,000 || Equipment | $90,738 || Accumulated Depreciation | $1,396 || Deferred Revenue | $4,000 || Common Stock | $75,267 || Revenue | $40,000 || Sales Return | $3,858 || Cost of Goods Sold | $3,000 || Interest Expense | $15,000 |**Instructions:**You need to calculate the total amount of debits from the given accounts. Typically, assets such as Cash, Inventory, Equipment, and expenses like Cost of Goods Sold, and Interest Expense are debits.**Calculation Example:**Add up the balances of all debit accounts. Here's a guideline:- **Cash + Inventory + Equipment + Cost of Goods Sold + Interest Expense****Important Note:**Fill in the blank with your computed number. Do not use commas, dollar signs, periods, or decimal points. Only enter the raw number. The system will format the answer for you. For example, input "24123" instead of "$24,123".**Clarification:**Ensure each amount entered is considered correctly under either debits or credits based on accounting rules to arrive at the correct total for debits.

Amounts of debits are the sum of expenses and assets

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? Normal Account Balance Account Name Cash $15,000 Inventory $9,000 Equipment $90,738 Accumulated Depreciation $1,396 Deferred Revenue $4,000 Common Stock $75,267 Revenue $40,000 Sales Return $3,858 Cost of Goods Sold $3,000 Interest Expense $15,000

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? Normal Account Balance Account Name Cash $15,000 Inventory $9,000 Equipment $90,738 Accumulated Depreciation $1,396 Deferred Revenue $4,000 Common Stock $75,267 Revenue $40,000 Sales Return $3,858 Cost of Goods Sold $3,000 Interest Expense $15,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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