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Homework answers / question archive / Using the following information, prepare a trial balance
Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue accounts have credit balances, List the accounts in the following order: assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Cash Salaries Payable Prepaid Rent Accounts Payable Retained Earnings Salaries Expense $5,900 600 800 1,800 1,600 2,600 Dividends Rent Expense Accounts Receivable Common Stock Service Revenue Advertising Expense $ 400 1,800 4,000 5,800 6,780 1,000 Trial Balance Accounts Debit Credit Totals
