What is the amount of credits in the trial balance


Joe Donaldson deposited $80,000 in a bank account, purchased a company for $60,000 cash (Building $40,000 and Inventory $20,000), performed services for clients for $10,000 cash, purchased supplies for $5,000 cash, and paid utilities of $2,000 cash. What is the amount of credits in the trial balance for the month?

A) $78,000

B) $88,000

C) $80,000

D) $90,000

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Accounting Basics: What is the amount of credits in the trial balance
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