Below are the account balances of Bruins Company at the end of November. Required: Prepare a trial
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Required:
Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the Equipmentaccount.
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Accounts Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Balances Account Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable $40,000 Common Stock 50,000 Retaied Earnings 1,100 Dividends 3,000 Service Revenue ? Salaries Expense 17,000 Rent Expense 5,000 3,000 Supplies Expense 9,000 Utilities Expense Interest Expense 30,000
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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