Joy Company reports these account balances at December 31, 2011 after closing entries have been…

Joy Company reports these account balances at December 31, 2011 after closing entries have been made:  Accounts Payable 65,000 Land  62,000 Equipment  88,000 Cash  50,000 Accounts Receivable  80,000 Accumlated Depreciation  50,000 Buildings  110,000 Common Stock  180,000 Retained Earnings  75,000 Unearned Revenue  20,000 On January 1, 2012, Joy collected 20,000 of its accounts receivable, paid 10,000 of accounts payable, and sold 30,000 of additional shares of common stock. 1. In a trial balance prepared at December 31, 2011, the total of the debit column is: 2. After recording the January 1, 2012 transactions, in a trial balance prepared at January 1, 2012, the total of the debit column is: 3. After recording the January 1, 2012 transactions, on January 1, 2012, the balance sheet would balance at:     

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