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Jelly's Grocery Store showed the following account balances at the end of 2020:
Cash $32,000
Accounts receivable 39,000
Accounts payable 27,000
Revenue 51,000
Rent expense 2,000
Insurance expense 13,600
Salary expense 8,000
Supplies 25,000
Jelly, capital 49,600
Jelly, withdrawals 8,000
Problem 1: If all of the accounts have normal balances, what is the total of the trial balance?
a. $86,000
b. $119,600
c. $127,600
d. $186,600
e. $255,500
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