Instruction 3: Complete the third step of the accounting cycle: prepare a trial balance. Use the accounts and balances in the General Ledger to prepare the trial balance. Instead of typing the account names, you can enter the account names with a few clicks. Click in the cell on the trial balance where you want to enter the account name. Press = and then click on the General Ledger sheet. where you will click on the first letter of the account name and hit 'Enter'. You can use the same process to enter the account balances in the trial balance. You must use formulas to compute the totals of the debit and credit columns, which you know must equal Nov. 2 5 6 10 Investors contributed $100,000 in exchange for shares of common stock. Purchased equipment at a purchase price of $20,000, by making a cash down payment of $8,000, and signing a note for the remainder. (HINT: This journal entry will have 3 accounts - one debit and two credits. Remember, debits have to equal credits in every journal entry) Purchased supplies on account for $1,135. Paid salaries, $9,000. Paid vendors on account, $14,615. Billed customers for services performed, $68,200. Received payments on account from customers, $27,420. Received bill for advertising campaign on WKKP, to be paid next month, $6,775. Paid 6 month insurance premium, $9,700. Received $11,000 from customers for work to be performed in December Paid dividends of $7,500. 12 13 17 22 24 29 30