The accounts in the ledger of Angel Co. as of December 31, 20Y7, are listed in alphabetical
Question:
The accounts in the ledger of Angel Co. as of December 31, 20Y7, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.
Prepare a trial balance, listing the accounts in their proper order and inserting the missing figure for cash.
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Accounts Payable $ 14,000 $ 30,000 Notes Payable Prepaid Insurance Rent Expense Retained Earnings Accounts Receivable 29,950 2,250 Common Stock 25,000 45,000 Cash 41,750 Dividends 15,000 Supplies Supplies Expense 1,575 Fees Earned 232,500 5,925 Insurance Expense 4,500 Unearned Rent 6,750 Utilities Expense Wages Expense Land 63,750 31,125 Miscellaneous Expense 6,675 131,250
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Trial balance of CO As at 31 ST December 2017 Name ...View the full answer
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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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