22E - Horngren'S Financial And Managerial Accounting

Question

Question: The accounts of Anderson Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. Common Stock \( 49,800 Trucks \) 123,000 Insurance Expense 600 Fuel Expense 1,000 Accounts Payable 4,000 Dividends 5,600 Service Revenue 82,000 Utilities Expense 300 Building 41,000 Accounts Receivable 10,000 Advertising Expense 200 Notes Payable 56,000 Salaries Expense 6,000 Office Supplies 100 Cash 4,000 Prepare Anderson’s trial balance as of August 31, 2018.

Step-by-Step Solution

Answer

The trial balance is the accounting worksheet with debit and credit sides and the total of trial balance is $191,800

Step-by-Step Solution Step 1 Definition of trial balance

The trial balance is defined as the accounting worksheet which is prepared to check the accuracy of the account balance in debits and credits.

Step 2 Preparation of Trial Balance

Anderson Moving Company
Trial Balance
August 31, 2018
Account Titles	Debit ($)	Credit ($)
Cash	$4,000
Accounts Receivables	$10,000
Building	$41,000
Trucks	$123,000
Office Supplies	$100
Common stock		$49,800
Insurance expense	$600
Accounts payable		$4,000
Service revenue		$82,000
Advertising Expense	$200
Salaries Expense	$6,000
Fuel Expense	$1,000
Dividends	$5,600
Utility Expense	$300
Notes Payable		$56,000
Total	$191,800	$191,800