![]() ![]() The first and last amount in each column have a dollar sign placed before them, and the last amounts in both columns are double underlined.Finally, the debit and credit columns are totaled.Now, two columns are created, one labeled “debit” and the other “credit,” and the balance of each account is entered into the correct column.Next, the name of each account is entered into the first column of the trial balance in the order the accounts appear in the general ledger.The heading should show the company name, the statement name, and the date of the trial balance. ![]() The first step in preparing a trial balance is to complete the heading.Once transactions have been recorded in the journal and posted to accounts in the ledger, a trial balance is prepared. A list of all the accounts of a business and their balances its purpose is to verify that total debits equal total credits.
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