The transactions for Zane?s Creations, Inc., for the month of January 2018 are posted in the following
Question:
The transactions for Zane?s Creations, Inc., for the month of January 2018 are posted in the following T-accounts:
Requirements
1. Calculate account balances at January 31, 2018.
2. Prepare the trial balance for Zane?s Creations, Inc., at January 31, 2018.
Transcribed Image Text:
Cash 111 Equipment 115 Service Revenue 411 45,000 Jan 2 1,250 2,700 Jan 6 17 Jan 1 1,400 4 6,000 4,800 Jan 4 26 Bal 1,250 5,200 6,000 400 900 4,800 425 1,150 | Bal 23 15 Salaries Expense Accounts Payable 512 211 26 28 29 900 1,150 Jan 9 400 Jan 3 750 Jan 15 | Bal 29 Bal Bal Common Stock 311 Accounts Rent Expense 1,400 504 Jan 1 | Bal 45,000 Receivable 112 Jan 2 Jan 17 Bal 5,200 Jan 23 2,700 Bal Utilities Expense 530 113 Supplics Jan 28 Bal 425 Jan 3 Bal 750 అ
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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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