
What is the correct order of accounts in a trial balance?
What is the correct placement of debits and credits in a T account?
A company issues \$10,000 in common stock. How would this transaction be recorded in the journal entries?
A trial balance shows total debits of \$100,000 and total credits of \$98,000. What does this indicate?
How is a trial balance used in preparing financial statements?
What is the primary purpose of a trial balance?
If a cash account has the following transactions: Debit \$10,000, Credit \$3,000, Debit \$2,000, what is the final balance?
How do you calculate the final balance in a cash account?
A company purchases \$5,000 of supplies on credit. How does this transaction affect the accounts?
How would you record a \$2,000 cash sale in journal entries?