Hello, this is my journal entry but I am confused as what to use from this to create my trial balance. Can someone help me clarify this?



General Journal
Date Description(Account Name) Debit Credit
Oct. 1 Cash 12,000
Oct. 1 Common Stock 12,000
Oct. 1 Cash 1,200
Oct. 1 Prepaid Insurance 1,200
Oct. 1 Rent Expense 1,040
Oct. 1 Cash 1,040
Oct. 3 Equipment Repair 4,400
Oct. 3 Cash 600
Oct. 3 Accounts Payable 3800
Oct. 8 Repair Supplies 390
Oct. 8 Accounts Payable 390
Oct. 12 Utility Expense 154
Oct. 12 Cash 154
Oct. 16 Revenue 1,362
Oct. 16 Cash 1,362
Oct. 19 Supplies 200
Oct. 19 Cash 200
Oct. 31 Revenue 1,310
Oct. 31 Cash 1,310
Oct. 31 Cash 800
Oct. 31 Dividends 800


Totals 22,856 22,856

Hello, everyone. The chart didn't come out right on my prior post, so I added the dr/cr by the correct accounts so it would be clear what my dr/cr accounts were. I need to know what exactly I should put in my trial balance out of my journal entry. Can someone please help me?



General Journal
Date Description(Account Name) Debit Credit
Oct. 1 Cash 12,000 cr
Oct. 1 Common Stock 12,000 dr
Oct. 1 Cash 1,200 cr
Oct. 1 Prepaid Insurance 1,200 dr
Oct. 1 Rent Expense 1,040 dr
Oct. 1 Cash 1,040 cr
Oct. 3 Equipment Repair 4,400 dr
Oct. 3 Cash 600 cr
Oct. 3 Accounts Payable 3800 cr
Oct. 8 Repair Supplies 390 dr
Oct. 8 Accounts Payable 390 cr
Oct. 12 Utility Expense 154 dr
Oct. 12 Cash 154 cr
Oct. 16 Revenue 1,362 cr
Oct. 16 Cash 1,362 dr
Oct. 19 Supplies 200 dr
Oct. 19 Cash 200 cr
Oct. 31 Revenue 1,310 cr
Oct. 31 Cash 1,310 dr
Oct. 31 Cash 800 cr
Oct. 31 Dividends 800 dr


Totals 22,856 22,856

A trial balance is a list and total of all the debit and credit accounts for an entity for a given period.

I am still confused

A trial balance is a list of all accounts, in account number order, with debit and credit columns. The columns have to balance. If it were me, I'd set up T-accounts and post my journal entries. From that, you will get the balances to fit into your trial balance.

I hope that makes sense to you. If not, this link might help to illustrate it.
http://www.netmba.com/accounting/fin/process/trial/



If you give it a go and post it, someone can review it to see if it's correct. Good luck.

The point is that you don't do a trial balance directly from journal entries. For instance, you have two credits to cash right off the bat. You aren't going to list those credits in your trial balance -- you're going to list the ending balance of the cash account after posting those entries to it. You have to get ending balances first. (Read the link.) And ALL accounts go into your trial balance, which may include accounts you never made an entries to, because again, a trial balance is not coming directly from the entries.

You could also have beginning balances, but I don't think so for this problem. (It's starting with an investment and probably a new company.) But they can exist. So you'd have to enter those balances in the accounts first, because they're part of the balance.

Your first entry is backwards. We can't know if the rest are correct without seeing the transactions. However, the first one is backwards cause the way you did it would be rare and certainly nothing you would see at this level. The cash was put into the company, so it's a debit since assets increase with a debit. And stock is a credit account. The owner created equity (a credit) by putting an investment into the company.