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Mademuasel [1]
3 years ago
14

Prepare a trial balance from the ledger accounts of Black Diamond Express as of January 31, 2018.

Business
1 answer:
malfutka [58]3 years ago
4 0

Answer:

<u>Black Diamond Express</u>

<u>Trial Balance as at January 31, 2018.</u>

                                                          Debit               Credit

Accounts Payable                                                      $1,100

Rent Expense                                    $500

Accounts Receivable                      $1,700

Service Revenue                                                      $3,000

Cash                                                 $1,400

Supplies                                             $200

Common stock                                                         $2,000

Salaries and Wages Expense         $1,300

Dividends                                         $1,000

Totals                                                $6,100             $6,100

Explanation:

A trial balance is a list of balances (debits and credits) that is prepared from the ledger accounts from which Financial Statements are prepared.

The Trial Balance can be used a check to the correctness of the double entry system.

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