The adjusted trial balance for Gott Consultant Corporation at the end of its fiscal year is presented
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Gott Consultant Corporation Trial Balance December 31, 2011 S 7,275 2,325 585 Accounts Receivable Office Supplies 6,300 Accumulated Depreciation-Office Equipment Automobile Accumulated Depreciation-Automobile Accounts Payable Unearned Consulting Fees Income Taxes Payable Common Stock Retained Earnings Dividends Consulting Fees Earned Office Salaries Expense Advertising Expense Rent Expense Telephone Expense Income Taxes Expense $ 765 6,750 750 1,700 1,500 3,000 10,000 4,535 7,000 31,700 13,500 2,525 2,650 1,600 3,000 $53,950 $53,950
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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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