[kaherbers]

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!

[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.