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Example of trial balance?
Fatuma Hassan
Dec 10, 2023
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Example of trial balance?
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Dec 10, 2023
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Here is an example of a trial balance:
Account Name Debit Credit
----------------------------------------------
Cash $10,000
Accounts Receivable $5,000
Inventory $3,000
Prepaid Expenses $1,500
Accounts Payable $2,000
Notes Payable $4,000
Capital $10,000
Sales $15,000
Rent Expense $1,000
Salaries Expense $2,500
Utilities Expense $500
----------------------------------------------
Total Debits: $27,000 Total Credits: $27,000
In this example, the trial balance lists all the accounts and their respective debit or credit balances. The total debits and credits should always be equal, as shown in this example.
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