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RunnerUK
Oct 5, 2006, 06:33 PM
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.

RunnerUK
Oct 5, 2006, 08:07 PM
Thank you for reading this posting, but I have figured it out.