Use the following selected accounts and amounts with normal balances from Buildex Co.s adjusted trial balance to
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Use the following selected accounts and amounts with normal balances from Buildex Co.’s adjusted trial balance to prepare its income statement for the year ended December 31.
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Cash $ 9,000 $ 4,000 Depreciation expense Wages expense... Building. Accounts payable. 98,000 45,000 8,000 Insurance expense.. 3,000 Supplies expense. Utilities expense. Services revenue 60,000 2,000 Interest revenue. 5,000 1,000
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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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