The terms debit and credit are synonymous with left and right. Assets, dividends, and expenses are increased by debits and decreased by credits. Liabilities, common stock, retained earnings, and revenues are increased by credits and decreased by debits.

Prepare a trial balance from the ledger accounts of UMC Company as of January 31, 2014.

Accounts Payable	1,500	Rent Expense	$ 500
Accounts Receivable	2,500	Service Revenue	3,500
Cash	1,600	Supplies	200
Common Stock	2,200	Salaries and Wages Expense	1,000
Dividends	1,400