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    Arranging Debit and Credit Trial Balances

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    Given accounts in disorder. Need to arrange in proper order and place debit and credit amounts. Need to balance.
    ACCOUNT AMOUNT
    101 CASH 480,000.00
    103 MARKETABLE SECURITIES 200,000.00
    105 ACCOUNTS RECEIVABLES 406,000.00
    112 ADMINISTRATIVE EXPENSE 335,000.00
    115 INVENTORIES 1,285,000.00
    118 PREPAID INSURANCE 23,510.00
    120 ADMINISTRATIVE WAGES 523,000.00
    121 LAND 500,000.00
    125 BUILDING 1,850,000.00
    126 OTHER CURRENT ASSETS 229,300.00
    128 MACHINERY & EQUIPMENT 978,000.00
    140 ADVERTISING EXPENSE 165,000.00
    146 INCOME TAX EXPENSE 262,000.00
    150 allowance for doubtful acct. 22,000.00
    160 AMORTIZATION 40,000.00
    170 COST OF SALES 6,316,000.00
    205 ACCOUNTS PAYABLE $386,000.00
    220 SALARIES PAYABLE $76,960.00
    230 ACCUM. DEPRECIATION $445,000.00
    280 SALES $9,830,000.00
    300 DEPRECIATION EXPENSE 368,000.00
    308 SELLING EXPENSE 453,200.00
    310 GOODWILL 400,000.00
    330 LEASEHOLD IMPROVEMENTS 302,000.00
    400 COMMON STOCK $607,500.00
    410 INTEREST INCOME $55,000.00
    420 DIVIDENDS PAID $380,000.00
    440 OTHER CURRENT LIABILITIES $349,500.00
    450 DEFERRED TAXES $165,000.00
    500 INCOME TAX PAYABLE 223,650.00
    510 PAYROLL TAX EXPENSE 247,000.00
    600 PREFERRED STOCK, $100 PAR $800,000.00
    620 RESERARCH & DEV. COSTS $536,600.00
    650 RETAINED EARNINGS $2,890,000.00
    850 BONDS PAYABLE, DUE 2028 429000

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    https://brainmass.com/business/trial-balance/arranging-debit-credit-trial-balances-25605

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    ACCOUNT Debit Credit

    101 CASH $480,000
    103 MARKETABLE SECURITIES $200,000
    105 ACCOUNTS RECEIVABLES $406,000
    115 INVENTORIES $1,285,000
    118 PREPAID INSURANCE $23,510
    126 OTHER CURRENT ASSETS $229,300
    121 LAND $500,000
    125 BUILDING $1,850,000
    128 MACHINERY & ...

    Solution Summary

    The solution prepares a Trial Balance with the data given.

    $2.19

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