Your study partner is having trouble getting total debits to equal total credits in the trial balance.
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Trial Balance Debit Credit Accounts Cash Accounts Receivable Equipment Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense $ 6,300 $ 1,600 9,400 2,900 10,000 700 1,200 3,200 3,500 600 2,200 Total $31,500 $10,100
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Related Book For
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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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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