From the alphabetized account information above, select the best representation of what a Trial Balance would look like using this information. Assume all accounts have normal balances.
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Answer: Trial Balance (A)
Explanation:
Trial Balance format should be look like as follows;
Trial Balance:
Trial balance (A) | |||
Account Title | Debit | Credit | |
Assets | Cash | $50,480 | |
Accounts Receivable | 45,333 | ||
Supplies | 6,800 | ||
Equipment | 33,500 | ||
Building | 156,000 | ||
Land | 18,000 | ||
Liabilities | Accounts Payable | 3,600 | |
Notes Payable | 85,500 | ||
Equity | Common Stock | 110,000 | |
Retained Earnings | 60,606 | ||
Dividends | 18,000 | ||
Revenues | Fees Earned Revenue | 225,430 | |
Expenses | Salaries Expense | 151,900 | |
Miscellaneous Expense | 5,123 | ||
Total | $485,136 | $485,136 |
Therefore, Trial Balance A is correct.
From the alphabetized account information above, select the best representation of what a Trial Balance would...
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