The following is an alphabetical list of accounts and balances for J. Saggit, proprietorship, at June 30, 2017:

Instructions
Prepare a trial balance at June 30, sorting each account into the debit or the credit column.
TAKING IT FURTHER
J. Saggit believes that once the trial balance is prepared, if the debits equal the credits, then his financial statements will be error free. Advise J. Saggit if he is correct in his belief.

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Notes Payable Prepaid Expenses Rent Expense Service Revenue Supplies Utilities Expense Salaries Expense Accounts Payable Accounts Receivable $12,500 10,250 $30,000 Equipment Interest Expense J. Saggit, Capital . Saggit, Drawings Land 4,500 63,050 5,000 550 7,500 18,250 28,000 12,000 64,000