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-   -   Trial Balance (https://www.askmehelpdesk.com/showthread.php?t=207246)

  • Apr 18, 2008, 12:31 PM
    pahwap
    Trial Balance
    What are the different methods of preparing a trial balance?
  • Apr 19, 2008, 12:17 PM
    charm1972
    The basic trail balance is like this
    Debit Credit
    Cash XXX
    Advertising Supplies XXX
    Prepaid insurance XXX
    Office Equipment XXX
    Notes payable XXX
    Account payable XXX
    Unearned Revenue XXX
    Common stock XXX
    Dividends XXX
    Service Revenue XXX
    Salaries Expense XXX
    Rent Expense XXX

    Equal balances $28,700 $28,700

    There are regular trail balances, Adjusting trail balances, and post-closing trail balances. There are three that I know of right off hand and then the book I have give you the example of them, purposes of them, limitations, and the work sheet that has a trail balance, adjustments, adjustment trail balance, income statement, and balance sheet in it.
    I hope that this helps.
  • Apr 20, 2008, 08:07 PM
    russell23
    The payables, revenues and Common Stock goe in the credit columns. The rest go in the debit columns. russell23

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