On December 31, Year 2. Kimberly Company had the following normal account balances in its general...

Transcribed Image Text:

On December 31, Year 2. Kimberly Company had the following normal account balances in its general ledger. The accounts are listed in random order. Salaries expense Buildings Retained earnings 1/1/Year 2 Operating expense Cash Accounts payable Bonds payable Accounts receivable. Common stock Sales revenue Prepaid rent $ 19,800 91,500 21,500 107,500 31,500. 20,500 36,500 30,500 61,500 161,500 20,700 Required: Use the information regarding normal account balances to prepare a trial balance. On December 31, Year 2. Kimberly Company had the following normal account balances in its general ledger. The accounts are listed in random order. Salaries expense Buildings Retained earnings 1/1/Year 2 Operating expense Cash Accounts payable Bonds payable Accounts receivable. Common stock Sales revenue Prepaid rent $ 19,800 91,500 21,500 107,500 31,500. 20,500 36,500 30,500 61,500 161,500 20,700 Required: Use the information regarding normal account balances to prepare a trial balance.

Answer rating: 100% (QA)

To prepare a trial balance we need to list all the accounts and their corresponding b... View the full answer