Trial balance : A trial balance is the summary of all the ledger accounts. The trial balance is prepared to check the total balance of the debit column with the total of the balance of the credit column, which must be equal. The trial balance is usually prepared to check accuracy of ledger balances, and before the preparation of financial statements. To Prepare: A trial balance with the list of given accounts in the order of assets, liabilities, stockholders’ equity , revenues, and expenses.

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Chapter 2, Problem 2.17E

To determine

Trial balance:

A trial balance is the summary of all the ledger accounts. The trial balance is prepared to check the total balance of the debit column with the total of the balance of the credit column, which must be equal. The trial balance is usually prepared to check accuracy of ledger balances, and before the preparation of financial statements.

To Prepare: A trial balance with the list of given accounts in the order of assets, liabilities, stockholders’ equity, revenues, and expenses.

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