First posting
Hi,
This is my 2nd week of accounting and up until today, I thought I was doing OK!
I have to prepare a trial balance, which I understand about.The problem is that the dr and cr will not balance.
Account Titles
1) Stockholders invested $25000 in exchange for common stock
2) Paid rent $800
3) Bought supplies on account for 1500
4) Billed client $900 for services
5)Received $500 cash advance for services
6) Received $1500 for services completed
7) Paid salary $1500
8) Paid $600 for accounts payable due.
I did the general journal entries and the ledger entries. When I try to balance the trial balance, it will not balance!!
Any advice would be greatly appreciated.
Thank you.
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