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-   -   Accounts for a Trial Balance (https://www.askmehelpdesk.com/showthread.php?t=402361)

  • Oct 3, 2009, 06:59 PM
    kaherbers
    Accounts for a Trial Balance
    Hello I am having trouble organizing these accounts for my Trial Balance to begin my ten column worksheet I need some guidance in the right direction

    Here are the accounts I have to set up

    Accounts Payable
    Accounts Recievable
    Advertising Expense
    Accumulated Depreciation- Bldg
    Allowance for Bad Debts
    Building
    Common Stock
    Cash
    Dividends Declared
    Freight-In
    Insurance Expense
    Interest Expense
    Interest Revenue
    Inventory (1/1/96)
    Land
    Long-Term Investments
    Mortgage Payable
    Notes Payable, Short term
    Office Expense
    Purchases
    Purchases Discounts
    Real Estate tax Expense
    Retained Earnings
    Salary Expense
    Sales
    Sales Discounts
    Sales Returns
    Selling Expense
    Supplies Expense


    Any help any one could give me in the right direction as how to put these account in the correct order on my trial balance would be GREATLY appreciated. Thanks!
  • Oct 6, 2009, 10:49 PM
    morgaine300

    This problem may be done and over... but it's something you need to know anyway.

    Your book should have examples of a trial balance, or at least an example of something showing the order of the accounts. I see you've got a bad debt allowance in there, meaning you're at least that far into things. So it's past time to learn how these accounts are organized.

    They should go: assets, liabilities, equity, revenue and expense. Can you get them divided down that far? You've also got sub-categories involved. That is, both current and plant assets, both current and long-term liabilities.

    If you have at least some idea of how these are organized, it would be nice to show what you've got thus far.

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