The account balances from the ledger of Sienna, Inc., as of July 31, 2012, are listed here
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Accounts Payable Accounts Receivable Buildings Capital Stock. Cash Equipment ...e....18,000 Fees Earned Insurance Expense $14,200 9,700 56,000 30,000 22,300 Land Miscellaneous Expenses... 3,100 28,000 2,500 Mortgage Payable (due 2015) Rent Expense Retained Earnings Salary Expense.... Supplies... 8,000 350 1,700 49,900 4,800 Utlities Expense
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Sienna Inc Trial Balance July 31 2012 Debits Credits Cash 22300 Accounts Receivable 9700 Suppl...View the full answer
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Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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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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