The following adjusted trial balance was drawn from the records of the Dakota Company.

Account Title Debit Credit

Cash $ $500$

Equipment $2,000$

Accounts Payable $ $1,000$

Common Stock $700$

Retained Earnings $600$

Service Revenue $900$

Operating Expenses $600$

Dividends $100$

Totals $ $3,200$ $ $3,200$

Based on the information in the trial balance, the total amount of the debit column is:

Multiple Choice

lower than the total amount of assets that will appear on the balance sheet.

higher than the total amount of assets that will appear on the balance sheet.

equal to the total amount of expenses and dividends.

equal to the total amount of assets that will appear on the balance sheet.