List the following classifications of accounts in all of the columns in which they appear on the
Question:
Assets ................ Capital
Accumulated Depreciation ........ Drawing
(with previous balance) ......... Revenue
Liabilities ............. Expenses
Write Net Income in the appropriatecolumns.
Transcribed Image Text:
TRIAL BALANCE DEBIT ADJUSTED TRIAL BALANCEINCOME STATEMENT DEBIT CREDET DENT Aasets ACCOUNT NAME CREDIT CREDIT DEBIT CREDIT DEBIT CRECNT Acaats Atoois 15 Not Incoma
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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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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