Accounting Cycle Page 5
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6T Accounts Represent ________ Ledger Accounts
the same way that stick-drawings represent people
But T Accounts are useful tools to analyze the
effects of transactions
T Accounts merely represent GL Accounts
General Ledger (GL) Advertising ________ Account
Date
Reference
Debit
Credit
Balance
$6,800
Apr 1
General J.
$1,600
$8,400
Advertising
Expense
Beg Bal $6,800
Apr 1
$1,600
Balance $8,400
Prepare Trial Balance
List of account titles and ending balances
Balances listed in two columns, one for debits
and the other column for ___________
Total debits must equal total credits,
and that is why it is called a Trial BALANCE
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Parent category: Financial