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2 years ago

Trial Balance Practice

Business

1 answer:

irinina [24]2 years ago

3 0

The preparation of the Trial Balance of Ceco Co. from the ledger accounts as of June 20, 2020, is as follows:

Ceco Co.

<h3>Trial Balance</h3>

At June 30, 2020

Accounts Debit Credit

Cash $5,000.00

A/R - R. Tamo 3,500.00

A/R - G. Slaught 1,124.00

A/R - P. Onno 850.00

Supplies 1,585.00

Automobile 22,800.00

Equipment 25,350.00

A/P - Batt Inc. $785.00

A/P - Parker Products 1,000.00

A/P - Nishi Co. 1,200.00

Bank Loan 25,000.00

C. Hernandez, Capital 32,224.00

Totals $60,209.00 $60,209.00

<h3>What is a trial balance?</h3>

A trial balance is a list of the ledger accounts balances at a particular date of the financial period.

The trial balance helps to show if accounts have been correctly recorded according to the double-entry system.

Thus, the above trial balance shows the ledger accounts balances of Ceco Co as of June 30, 2020.

Learn more about preparing the trial balance at brainly.com/question/13669511

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