The December 31, 20X1, preclosing trial balance of the St. Louey Independent School District DSF is presented
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St. Louey Independent School District Debt Service Fund Trial Balance December 31,20X1 Debit Credit 2,351,161 42,955,866 15,196,782 Investments S 500,000 14,592,002 61,763,591 14,981,675 266,084 1,478,157 582,300 Deferred revenues Revenues-State appropriation.... Transfer from General Fund Expenditures-Bond principal retirement 500,000 14,120,000 19,040.000 . Totals... $94,163,809 $94,163,809
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Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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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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