Neco Model Questions Vol1 2018 Financial Accounting Question 47

An unadjusted trial balance of ABC Ltd shows the following balances (in naira): Cash \(120,000\) Dr, Accounts Receivable \(80,000\) Dr, Supplies ____ Dr, Prepaid Rent \(30,000\) Dr, Equipment \(200,000\) Dr, Accumulated Depreciation Equipment \(40,000\) Cr, Accounts Payable \(50,000\) Cr, Salaries Payable \(10,000\) Cr, Capital \(300,000\) Cr, Drawings \(25,000\) Dr, Revenue \(150,000\) Cr, Utilities Expense \(12,000\) Dr. The total of the credit column is \(550,000\). At year‑end the following adjusting entries are required: (i) supplies on hand are \(20,000\); (ii) equipment depreciation for the year is \(30,000\); (iii) six months of the prepaid rent have been used; (iv) salaries of \(5,000\) are accrued. After posting all adjustments, what is the total of the debit column in the adjusted trial balance?