Use the following information from the Adjustments columns of a 10-column work sheet to prepare the necessary
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Unadjusted Trial Balance Balance Sheet ome and Statement of Statement Owner's Equity Inc Adjusted Trial Balance Adjustments No. Account Title 109 Interest receivable 124 Office supplies 128 Prepaid insurance 164 Accumulated depreciation-Office equipment 209 Salaries payable 409 Interest revenue 612 Depreciation expense-Office equipment 620 Office salaries expense 636 Insurance expense Office equipment 637 Insurance expense-Store equipment 650 Office supplies expense Cr. Dr. Cr. Dr (al) $880 (b) $1,750 (a) 900 (c) 2,200 e) 560 (d) 880 (c) 2,200 (e) 560 (a) 332 (a) 568 1,750 $6,290 Totals $6,290
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Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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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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