Respuesta :
Answer:
The total debit in the trial balance gives $72400,same as the total credits
The trial balance is prepared just before the preparation of financial statements such statement of profit or loss ,statement of financial position(balance sheet) as well as cash flow statement.
Find attached spreadsheet containing the trial balance prepared.
Explanation:
The trial validates the arithmetical accuracy of postings done in the ledger accounts.
To prepare the trial balance,balances extracted from the ledgers are required.The rule is that assets,expenses and drawings are debited to trial balance why income,capital and liabilities are credited
Answer:
Doogie Corporation
Trial Balance December 31
Particulars Debit Credit
Cash $6,000
Accounts receivable $10,800
Accounts payable 6,000
Common stock 51,000
Equipment 45,000
Dividends 2,400
Utilities expense 2,000
Administrative expense 8,000
Sales revenue 17,200
TOTAL 74,200 74,200
Explanation:
Preparing a trial balance is all about putting all accounts with debit balances on the debit side and all accounts with credit balances on the credit side of the trial balance.
The totals of both side should agree at the end of the day.
Doogie Corporation
Trial Balance December 31
Particulars Debit Credit
Cash $6,000
Accounts receivable $10,800
Accounts payable 6,000
Common stock 51,000
Equipment 45,000
Dividends 2,400
Utilities expense 2,000
Administrative expense 8,000
Sales revenue 17,200
TOTAL 74,200 74,200
