A trial balance is a list of the
balances of ledger accounts of a business at a specific point of time usually
at the end of a period such as month, quarter or year. An unadjusted trial
balance is the one which is created before any adjustments are made in the
ledger accounts.
The preparation of a trial balance
is very simple. All we have to do is to list the balances of the ledger
accounts of a business.
Following
is the unadjusted trial balance prepared from the ledger accounts of Company A.
Company A
|
Unadjusted
Trial Balance
|
January
31, 2010
|
Particulars
|
Debit
|
Credit
|
Cash
Accounts
Receivable
Office
Supplies
Prepaid
Rent
Equipment
Accounts
Payable
Notes
Payable
Utilities
Payable
Unearned
Revenue
Common
Stock
Service
Revenue
Wages
Expense
Miscellaneous
Expense
Electricity
Expense
Telephone
Expense
Dividend
Total
|
20,430
5,900
22,800
36,000
80,000
38,200
3,470
2,470
1,494
5,000
215,764
|
5,200
20,000
3,964
4,000
100,000
82,600
215,764
|
