The accounting records of the John Day Company contained the following ledger balances as of May 31, 20XX. Cash $14,636 Notes Payable 12,814 Accounts Receivable 29,827 Accounts Payable 11,421 Taxes Payable 197 Office Equipment 1,969 Capital 22,000

In preparing a trial balance, how many of the above accounts will you list in the debit column and how many in the credit column? A. 5 debit accounts and 2 credit accounts B. 4 debit accounts and 3 credit accounts C. 3 debit accounts and 4 credit accounts D. 2 debit accounts and 5 credit accounts