asked 147k views
0 votes
Prepare a trial balance based on the given accounts:

a) Total Debits: $7,280

b) Total Debits: $1,069

c) Total Debits: $6,040

d) Total Debits: $9,139

1 Answer

5 votes

Final answer:

A trial balance requires that debits equal credits, but specific account details are needed to prepare an actual trial balance. The provided totals are debit amounts, and a full trial balance would include corresponding credits.

Step-by-step explanation:

To prepare a trial balance based on the given accounts with different total debits, one must ensure that the total debits equal total credits. As no specific accounts are provided, we cannot assign these debit totals to any particular account. However, when preparing a trial balance, each debit balance would be recorded on the left side, while the corresponding credit balances would be on the right.

The trial balance is a crucial step in the accounting process, used to verify the equality of debits and credits after posting all transactions. It is compiled by listing all account titles and their corresponding debit or credit balances.

answered
User Miensol
by
8.8k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories