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    titans2008's Avatar
    titans2008 Posts: 10, Reputation: 1
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    #1

    Jun 19, 2008, 09:20 PM
    Notes payable in Trial balance
    I am doing a trial balance for July 31st, 2004...

    One of my accounts is notes payable, due 2007: 28,450.

    Do I divide this figure in four? In three? Report as total figure- 28,450?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jun 20, 2008, 06:32 PM
    The trial balance should be the exact balance you have in each account. All it's doing is checking that your total debits equal your total credits. Don't try to make anything fancy out of it.
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