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  • Course 2 Recording in Journals & Posting in Ledgers

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    This document provides instructions to prepare a trial balance from a ledger for the Abracadabra Company as of November 30, 2022. The trial balance lists account titles in the left column with their debit balances and credit balances in the corresponding columns to the right. The totals of the debit and credit columns are equal, indicating the trial balance balances.

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    This document provides instructions to prepare a trial balance from a ledger for the Abracadabra Company as of November 30, 2022. The trial balance lists account titles in the left column with their debit balances and credit balances in the corresponding columns to the right. The totals of the debit and credit columns are equal, indicating the trial balance balances.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11 views1 page

    Course 2 Recording in Journals & Posting in Ledgers

    Uploaded by

    scrbdthowaway271023
    This document provides instructions to prepare a trial balance from a ledger for the Abracadabra Company as of November 30, 2022. The trial balance lists account titles in the left column with their debit balances and credit balances in the corresponding columns to the right. The totals of the debit and credit columns are equal, indicating the trial balance balances.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Introduction to Financial Accounting

    Course 2: Recording in Journals & Posting in Ledgers


    Module 3: The Trial Balance & Correcting Entries
    ACTIVITY

    Prepare the Trial Balance per the "Ledger" tab.

    Abracadabra Company
    Trial Balance
    November 30, 2022

    Account Debit Credit


    Cash 13,490
    Accounts Receivable 350
    Prepaid Rent 4,000
    Office Furniture 2,000
    Accounts Payable 500
    Common Stock 12,000
    Service Revenue 10,100
    Telephone Expense 860
    Advertising Expense 1,150
    Dividends 750
    Totals 22,600 22,600

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