Trial Balance (Appendix)

The following list of accounts was taken from the general ledger of Spencer Corporation on December 31, 2010. The bookkeeper thought it would be helpful if the accounts were arranged in alphabetical order. Each account contains the balance that is normal for that type of account; for example, Cash normally has a debit balance. Prepare a trial balance as of this date with the accounts arranged in the following order: (1) assets,

(2) liabilities, (3) stockholders’ equity, (4) revenues, (5) expenses, and (6) dividends.

Account Balance Accounts Payable $ 7,650 Accounts Receivable 5,325 Automobiles 9,200 Buildings 150,000 Capital Stock 100,000 Cash 10,500 Commissions Expense 2,600 Commissions Revenue 12,750 Dividends 2,000 Equipment 85,000 Account Balance Heat, Light, and Water Expense $ 1,400 Income Tax Expense 1,700 Income Taxes Payable 2,500 Interest Revenue 1,300 Land 50,000 Notes Payable 90,000 Offi ce Salaries Expense 6,000 Offi ce Supplies 500 Retained Earnings 110,025.

AppendixLO1