a. Calculate the final balance of each ledger account. b. Prepare a trial balance from the final ledger account balances. Bank Date Apr 3 Apr 15 Apr 20 Accounts Receivable Date Apr 1 Memo Balance Forward Apr 15 Memo Balance Forward Office Supplies Prepaid Date Memo Office Equipment Date Memo Balance Forward Debit Debit 140000 Debit Debit 2100 Credit Credit 4000 2100 450 Credit Credit # 101 Balance #105 Balance # 115 19600 Dr. # 120 8400 Dr. Balance Balance 2500 Dr. Reechai Company Trial Balance April 30, 20-- # 101 Bank 105 Accounts Receivable 115 Office Supplies Prepaid 120 Office Equipment Account Name 130 Building 205 Accounts Payable 215 Bank Loan Payable 310 Capital 401 Sales 502 Advertising Expense 521 Office Supplies Expense 533 Rent Expense 540 Telephone Expense 555 Utilities Expense Totals Debit Credit

a. Calculate the final balance of each ledger account. b. Prepare a trial balance from the final ledger account balances. Bank Date Apr 3 Apr 15 Apr 20 Accounts Receivable Date Apr 1 Memo Balance Forward Apr 15 Memo Balance Forward Office Supplies Prepaid Date Memo Office Equipment Date Memo Balance Forward Debit Debit 140000 Debit Debit 2100 Credit Credit 4000 2100 450 Credit Credit # 101 Balance #105 Balance # 115 19600 Dr. # 120 8400 Dr. Balance Balance 2500 Dr. Reechai Company Trial Balance April 30, 20-- # 101 Bank 105 Accounts Receivable 115 Office Supplies Prepaid 120 Office Equipment Account Name 130 Building 205 Accounts Payable 215 Bank Loan Payable 310 Capital 401 Sales 502 Advertising Expense 521 Office Supplies Expense 533 Rent Expense 540 Telephone Expense 555 Utilities Expense Totals Debit Credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 19MC: The sum of all the accounts in the accounts receivable subsidiary ledger should ________. A. equal...

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