题目内容
A trial balance summarizes a ledger by listing all the accounts with their balances at a point in time.
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Data from a trial balance is used to prepare the three basic financial statements.
The trial balance is one of the three basic financial statements that are issued to external stakeholders of the business.
The following transactions have been journalized and posted to the proper accounts. Prepare a trial balance using the following details:a. Edward Wilson invested $15,000 cash in his new landscaping business.b. Paid the first month's rent with $800 cash.c. Purchased equipment by paying $4,000 cash and executing a note payable for $4,000.d. Purchased office supplies for $200 cash.e. Billed clients for a total of $7,000 for design services rendered.f. Received $1,000 cash from clients for services rendered above.
Carol Instruments sells musical instruments. On December 31, 2015, after its first month of business, Carol Instruments had the following balances in its accounts, listed alphabetically.Determine the balance in the cash account and prepare the trial balance.
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