Total debit balances in trial balance ( video below)

ABC Company has extracted the following list of balances from general ledger

at 31 July 20X9:

$

Sales                                                               64,636

Opening inventory                                      2,413

Purchases                                                      35,740

Expenses                                                        8,710

Non-current assets (carrying amount)   15,991

Receivables                                                   7,937

Payables                                                        3,467

Cash at bank                                                 447

Capital                                                           3,132

What is the total of the debit balances in ABC’s trial balance at 31 July 20X9?

Answer

The debits are as follows:

$

Opening inventory            2,413

Purchases                           35,740

Expenses                            8,710

Non-current assets          15,991

Receivables                       7,937

Cash at bank                       447 

Total Debit Balances     71,238

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