The following trial balance was prepared by a new employee. Required: Prepare the corrected company trial balance.
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Prepare the corrected company trial balance. (Assume all accounts have normal balances and the recorded amounts arecorrect.)
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Trial Balance Piranha Company, Inc. For the Year Ended November 30, 2012 Credits S 34,000 8,100 Debits Cash Mortgage Payable Advertising Expense. Capital Stock Equipment 94,800 90,000 44,700 214,750 163,000 Wages Expense... 78,200 8 Notes Receivable-. Accounts Payable ._. Accounts Receivable. Rent Expense Wages Payable ...^nca... Furniture Other Expenses. .. Sales Revenue Buildings 18,000 12,800 7,200 9,600 18,000 13,000 1,400 240,900 84,500 128,400 2,200 100,250 26,200 Property Tax Expense. . Utilities Expense^-^. - ^ .«^---. . . . 4,900 Totals $567,200 $827,700
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Related Book For
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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