Patricia Green's Organic Fruit and Vegetable Stall

Balancing Accounts and the Trial Balance

Scene 43 / of 60

The Trial Balance

When all the accounts are balanced a trial balance can be prepared to prove the arithmetic accuracy of the double entry and balancing. Type in the figure for each account in the correct column of the Trial Balance. Check totals to see if you are correct.

The Trial Balance as at October 7
Account	DEBIT	CREDIT
Bank Account
Capital Account
Creditor - Retail Displays Account
Equipment Account
Furniture Account
Insurance Account
Purchases Account
Rent Account
Sales Account

DR	Bank Account					CR
Date	Details	Amount		Date	Details	Amount
October 1	Capital Account	2000		October 2	Furniture Account	200
October 6	Sales Account	700		October 2	Rent Account	150
October 7	Sales Account	480		October 2	Insurance Account	180
				October 5	Purchases Account	600
				October 7	Balance c/d	2050
		3180				3180
October 8	Balance b/d	2050

DR	Capital Account					CR
Date	Details	Amount		Date	Details	Amount
October 7	Balance c/d	2000		October 1	Bank Account	2000
		2000				2000
				October 8	Balance b/d	2000

DR	Creditor - Retail Displays Account					CR
Date	Details	Amount		Date	Details	Amount
October 7	Balance c/d	300		October 2	Equipment Account	300
		300				300
				October 8	Balance b/d	300

DR	Equipment Account					CR
Date	Details	Amount		Date	Details	Amount
October 2	Creditor - Retail Displays Account	300		October 7	Balance c/d	300
		300				300
October 8	Balance b/d	300

DR	Furniture Account					CR
Date	Details	Amount		Date	Details	Amount
October 2	Bank Account	200		October 7	Balance c/d	200
		200				200
October 8	Balance b/d	200

DR	Insurance Account					CR
Date	Details	Amount		Date	Details	Amount
October 2	Bank Account	180		October 7	Balance c/d	180
		180				180
October 8	Balance b/d	180

DR	Purchases Account					CR
Date	Details	Amount		Date	Details	Amount
October 5	Bank Account	600		October 7	Balance c/d	600
		600				600
October 8	Balance b/d	600

DR	Rent Account					CR
Date	Details	Amount		Date	Details	Amount
October 2	Bank Account	150		October 7	Balance c/d	150
		150				150
October 8	Balance b/d	150

DR	Sales Account					CR
Date	Details	Amount		Date	Details	Amount
October 7	Balance c/d	1180		October 6	Bank Account	700
				October 7	Bank Account	480
		1180				1180
				October 8	Balance b/d	1180

close That's correct.

close Are you sure? Try again.

close The Trial Balance should be balanced. Please read Debit / Credit figures from accounts tables.

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