The accounts of Alston Moving Company follow with their normal balances as of Au
ID: 2330408 • Letter: T
Question
The accounts of Alston Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order EB (Click the icon to view the accounts.) Prepare Alston's trial balance as of August 31. 2018. Alston Moving Company Trial Balance August 31, 2018 Data Table Balance Account Title Debit Credit Common Stock Insurance Expense Accounts Payable Service Revenue Building Advertising Expense Salaries Expense 45.900 Trucks 3 133,000 3.000 6.200 400 8,800 62,000 300 600 Fuel Expense 4.500 Dividends 90,000 Utilities Expense 41.000 Accounts Receivable 300 Notes Payable 5,000 Office Supplies 4,000 Print Done TotalExplanation / Answer
Answer
S.no.
Nature of Accounts
Normal balance
1
Assets
Debit
2
Liabilities
Credit
3
Equity
Credit
4
Revenues
Credit
5
Expenses
Debit
Trial balance, as asked:
TRIAL BALANCE
Normal Balances
Accounts title
Nature of Account [column for understanding purpose]
Debit
Credit
Cash
Assets
$ 4,000.00
Accounts receivables
Assets
$ 8,600.00
Office Supplies
Assets
$ 300.00
Building
Assets
$ 41,000.00
Truck
Assets
$ 133,000.00
Accounts payable
Liabilities
$ 4,500.00
Notes Payable
Liabilities
$ 62,000.00
Common Stock
Equity
$ 45,900.00
Dividends
Contra Equity
$ 6,200.00
Service Revenue
Revenues
$ 90,000.00
Advertising Expenses
Expenses
$ 300.00
Insurance Expenses
Expenses
$ 600.00
Utilities Expense
Expenses
$ 400.00
Fuel Expense
Expenses
$ 3,000.00
Salaries Expenses
Expenses
$ 5,000.00
TOTAL
$ 202,400.00
$ 202,400.00
S.no.
Nature of Accounts
Normal balance
1
Assets
Debit
2
Liabilities
Credit
3
Equity
Credit
4
Revenues
Credit
5
Expenses
Debit
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