A T-Account helps us find the final balance in an account after making our journal entries. A trial balance shows us the final balance in all of our accounts.

Concept #1: Using T-Accounts

Concept #2: Constructing a Trial Balance

Additional Problems
A trial balance will indicate the existence of an error if: a. The purchase of a typewriter for $870 is entered in the accounting records as a debit of $87 to Office Equipment and a credit of $87 to Accounts Payable. b. The collection of $75 cash is recorded by a debit to Accounts Receivable and a credit to Cash. c. A ledger account with a credit balance is listed as a debit amount in the trial balance. d. A journal entry debiting Equipment is posted as a debit to the Building account.
Which of the following groups of accounts, with normal balances, would appear in the credit column of an unadjusted trial balance? a. Accounts Payable, Unearned Revenues, Cost of Sales, and Investment Income. b. Unearned Revenues, Accumulated Depreciation, and Prepaid Expenses. c. Accounts Payable, Unearned Revenues, and Accumulated Depreciation. d. Contributed Capital, Retained Earnings, and Cost of Sales.
The following is an example of an error that will not be discovered on the trial balance:  a. An entry was journalized and posted as a debit to cash for $500 and credit to accounts receivable for $5,000. b. An entry was journalized and posted as a debit to cash for $500 and a credit to sales revenue $500 when payment was received on a customer's account. c. An entry was journalized and posted as a debit to wages expense for $20,000 and a debit to wages payable for $20,000. d An entry was journalized and posted as a debit to cash for $1,110 and a credit to sales for $1,101.
A trial balance contains which types of accounts? a. asset and liability accounts b. revenue and expense accounts c. assets and revenue accounts d. all ledger accounts