The following is a list of possible accounts found in a trial balance: 1. Equipment 2. Notes
Question:
1. Equipment
2. Notes Payable
3. Dividends
4. Supplies
5. Rent Expense
6. Service Revenue
7. Unearned Revenue
Required
Indicate each account's normal balance and the effect of a debit and credit to the account.
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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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