Trial Balance Example

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Trial Balance

The Trial Balance, which can be taken at any point at time, lists all ledger accounts and their balances and is used to prove the equality of debits and credits. Assets are listed first followed by liabilities and then owner's equity. Debit balances are listed in the left column and credit balances in the right column.

The trial balance proves that the accounts balance, but it does ensure that all transactions were entered or entered into the proper accounts. Below is an example of a Trial Balance.

Your Business Name Trial Balance June 31, 2008
Debit		Credit
Cash	$800.00
Accounts Receivable	400.00
Supplies	600.00
Prepaid Rent	1,200.00
Equipment	10,000.00
Accounts Payable		$3,000.00
Owner, Capital		9,000.00
Owner, Drawing	1,000.00
Sales		3,000.00
Salary Expense	700.00
Misc. Expense	300.00
	$15,000.00	$15,000.00

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Amazon.com Most popular books for Financial Statements
	Reading Financial Reports For Dummies Paperback: 384 pages Publisher: For Dummies (December 13, 2004)
	Minding Her Own Business: The Self-Employed Woman’s Essential Guide to Taxes and Financial Records Paperback: 239 pages Publisher: Sphinx Publishing Inc; 4th Updated edition (January 1, 2005)