Use the following account balance information to construct a trial balance: Salary Expense ........... $24,000 Unearned Service
Question:
Salary Expense ........... $24,000
Unearned Service Revenue ....... 1,600
Paid-In Capital ........... 3,000
Cash ............... 3,500
Service Revenue ........... 32,000
Rent Expense ........... 5,300
Retained Earnings (beginning) ..... 1,200
Prepaid Rent Expense ........ 5,000
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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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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