2. Transaction Analysis

Wolfpack Construction has the following account balances at the end of the year: Cash \$12,000; Accounts Receivable \$8,000; Equipment \$25,000; Accounts Payable \$5,000; Common Stock \$30,000; Retained Earnings \$10,000. What is the total of the debit column in the trial balance?

Which of the following statements is true of a trial balance?

Based on the adjusted trial balance of Sky Blue Corporation at December 31, which of the following statements is correct?

1. Which of the following statements about the trial balance columns of a worksheet is correct?

Which of the following best describes the purpose of Valley Company's adjusted trial balance as of August 31, 2017?

Which general ledger accounts are listed in the trial balance columns of a worksheet?

A company's trial balance shows total debits of \$45,000 and total credits of \$42,500. If the only missing account is 'Accounts Receivable,' what is the correct balance for 'Accounts Receivable' to balance the trial balance?

A trial balance can best be explained as a list of:

Which type of trial balance is prepared after all adjusting entries have been posted at the end of an accounting period?

A summary of total amounts owed, including outstanding charges and payments received, is called a(n):

The opening balance of your most recent statement should equal which of the following?

The main reason an accountant would conduct a trial balance is to:

Which of the following statements about the trial balance columns of a worksheet is correct?

A trial balance prepared before any adjustments have been recorded is called:

A trial balance can best be explained as a list of: