You are presented with the following alphabetical list of accounts and balances (in thousands) for Taggar Enterprises Inc. at June 30, 2015:

Instructions
(a) Prepare a trial balance at June 30, sorting each account balance into the debit column or the credit column.
(b) If debits equal credits in Taggar's trial balance, do you have reasonable assurance that no errors exist? Explain.

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Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Buildings Cash Common shares Cost of goods sold Equipment Income tax expense $ 100 100 7,400 3,550 5,100 15,000 3,300 900 6,250 25,000 e tax payable 1,500 3,000 4,000 1,000 15,000 1,800 5,000 13,700 3,000 1,000 ncom Interest expense Land Long-term investments Merchandise inventory Mortgage payable, due 2021 Office expense Prepaid insurance Retained earnings, July 1, 2014 Sales