Shown below is an adjusted trial balance for Novelty Toys, Incorporated, on December 31, Year 1:

Novelty Toys, Incorporated

Adjusted Trial Balance

December 31, Year 1

Debit Credit

Cash $ 15,850

Accounts Receivable 12,925

Office Equipment 23,200

Accumulated Depreciation $ 6,350

Accounts Payable 7,925

Capital Stock 22,850

Retained Earnings -0-

Dividends 7,850

Fees Earned 47,250

Salaries Expense 16,700

Advertising Expense 3,425

Depreciation Expense 4,425

Totals $ 84,375 $ 84,375

The total debits in the After-Closing Trial Balance will equal:

Multiple Choice

$51,975.

$84,375.

$37,125.

$59,825.