Henry opened an art gallery and during a short period as a dealer completed the following transactions: 2. Purchased land valued at R25 000 and a small building valued at R110 000 , paying R30 000 in cash as well as equipment with an R18 000 fair value in an art gallery he called 'Old World'. payable to pay the balance over a period of years. 3. Purchased office supplies on credit, R70. 4. Huntly contributed his personal car, which had a R8 900 fair value, for exclusive use in the business. 5. Paid the receptionist's salary, R800. 6. Sold a painting for an artist and collected a R4 500 cash commission on the sale. 7. Paid R650 cash for a magazine advertisement. 8. Paid for the supplies purchased in transaction 3 . above. 9. Purchased a new easel for the business, paying R500 cash. 10. Completed an art appraisal on credit and billed the client R200 for the appraisal. 11. Huntly withdrew R1 200 from the business to pay personal expenses. 12. Received payment in full for the appraisal of transaction 10 . above. What was the total of the debit balances shown in a trial balance prepared after these transactions were posted? (lgnore \( V \)

To determine the total of the debit balances in the trial balance after these transactions, start by analyzing each transaction for their impacts on the accounts. 1. **Land and Building Purchase**: - Land: R25,000 (Debit) - Building: R110,000 (Debit) - Equipment (Fair Value): R18,000 (Debit) - Total for Property: R25,000 + R110,000 + R18,000 = R153,000 2. **Office Supplies on Credit**: R70 (Debit) 3. **Car Contribution**: R8,900 (Debit) 4. **Receptionist's Salary**: R800 (Debit) 5. **Commission Received**: No debit, as this is a revenue account. 6. **Advertisement Payment**: R650 (Debit) 7. **Supplies Paid**: R70 (Credit; will offset previously listed debit) 8. **Easel Purchase**: R500 (Debit) 9. **Art Appraisal on Credit**: R200 (debit) 10. **Huntly’s Withdrawal**: R1,200 (Debit) 11. **Appraisal Paid**: Neutral, already counted for. Now, let's summarize the debits: - Land & Building: R153,000 - Office Supplies: R70 - Car Contribution: R8,900 - Receptionist's Salary: R800 - Advertisement: R650 - Easel: R500 - Art Appraisal: R200 - Huntly's Withdrawal: R1,200 Total debit balance = R153,000 + R70 + R8,900 + R800 + R650 + R500 + R200 + R1,200 = **R166,320**. Thus, the total of the debit balances shown in the trial balance is **R166,320**.