Required information Use the following information for the Quick Studies below. (Static) Skip to question [The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. Cash $ 5,000 Dividends $ 1,500 Accounts receivable 4,500 Services revenue 12,000 Equipment 6,500 Rent expense 2,000 Accounts payable 3,000 Wages expense 6,000 Common stock 10,500     QS 2-14 (Static) Preparing a trial balance LO P1 Use the above information to prepare a December 31 trial balance.未知题型

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The accounting cycle requires three trial balances to be prepared. In what order should they be prepared?

Preparing a trial balance proves the equality of the debit and credit balances in the accounts. ​

You've been provided with the following Trial Balance Calculate TOTAL LIABILITIES   Cash          27,300 Accounts Receivable          15,000 Inventory          24,500 Prepaid Expenses            2,375 Motor vehicle          64,100 Equipment        125,000 Accounts Payable          35,000 Unearned Revenue            8,000 Wages Payable            8,000 Bank Loan          50,000 Share Capital          87,000 Retained Earnings          24,275 Dividends          (2,000) Revenue          78,000 Cost of Sales        (17,000) Wages Expense          (8,000) Interest expense             (250) Marketing expense          (2,800) Insurance expense          (1,950)

Identify the accounts that would normally have balances in the credit column of a business's trial balance.

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