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Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue
Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue accounts have credit balances. List the accounts in the following order: assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Cash Salaries Payable Prepaid Rent Accounts Payable Retained Earnings Salaries Expense Totals Accounts $5,100 600 800 1,250 3,800 1,500 Trial Balance Dividends Rent Expense Accounts Receivable Common Stock Service Revenue Advertising Expense Debit Credit $400 2,250 4,900 4,700 5,600 1,000
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