Unadjusted Trial Balance
A trial balance is a list of the balances of ledger accounts of a business at a specific point of time usually at the end of a period such as month, quarter or year. An unadjusted trial balance is the one which is created before any adjustments are made in the ledger accounts.
The preparation of a trial balance is very simple. All we have to do is to list the balances of the ledger accounts of a business.
Following is the unadjusted trial balance prepared from the ledger accounts of Company A.
Company A |
Unadjusted Trial Balance |
January 31, 2010 |
Particulars | Debit | Credit |
Cash Accounts Receivable Office Supplies Prepaid Rent Equipment Accounts Payable Notes Payable Utilities Payable Unearned Revenue Common Stock Service Revenue Wages Expense Miscellaneous Expense Electricity Expense Telephone Expense Dividend Total | 20,430 5,900 22,800 36,000 80,000 38,200 3,470 2,470 1,494 5,000 215,764 | 5,200 20,000 3,964 4,000 100,000 82,600 215,764 |