Asked by Kaylan Summey on May 18, 2024
Verified
The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. Prepare a trial balance in good form.
Trial Balance
A bookkeeping report that lists the balances in each of a company's general ledger accounts in two columns, debits and credits, ensuring that total debits equal total credits.
Accounts Balances
The amounts in accounts that represent the difference between the debits and credits recorded.
- Comprehend the configuration and objective of a trial balance within the realm of accounting.
- Cultivate the skill to compile a trial balance using a given collection of account balances.
Verified Answer
MJ
Learning Objectives
- Comprehend the configuration and objective of a trial balance within the realm of accounting.
- Cultivate the skill to compile a trial balance using a given collection of account balances.