Question

From the ledger balances given below, prepare a trial balance for the Whispering Winds Corp. at June 30, 2019. All account balances are normal.
Accounts Payable $8,300, Cash $7,700
Common Stock $22,500 Dividends $2,100
Equipment $18,200 Service Revenue $7,300
Accounts Receivable $4,300 Salaries and Wages Expense $3,50
Rent Expense $2,300.

Answer 1

Answer:

TRIAL BALANCE WHISPERING WINDS CORP JUNE 30 2019

Account                                   Debit           Credit

Accounts Payable                                       $8,300

Cash                                        $7,700

Common Stock                                            $22,500

Dividends                               $2,100

Equipment                              $18,200

Service Revenue                                          $7,300

Accounts Receivable             $4,300

Salaries / Wages Expense     $3,500

Rent Expense                         $2,300

                                               $38,100         $38,100                                                                

Assets, Expenses, and Costs are debit accounts, while equity, liabilities and income are credit accounts.