Trial Balance Example

Trial Balance

The Trial Balance, which can be taken at any point in time, lists all ledger accounts and their balances and is used to prove the equality of debits and credits. Assets are listed first followed by liabilities and then owner’s equity. Debit balances are listed in the left column and credit balances in the right column.

The trial balance proves that the accounts balance, but it does ensure that all transactions were entered or entered into the proper accounts. Below is an example of a Trial Balance.

Your Business Name

Trial Balance

June 31, 20XX

Debit

Credit
Cash $800.00
Accounts Receivable 400.00
Supplies 600.00
Prepaid Rent 1,200.00
Equipment 10,000.00
Accounts Payable $3,000.00
Owner, Capital 9,000.00
Owner, Drawing 1,000.00
Sales 3,000.00
Salary Expense 700.00
Misc. Expense 300.00
$15,000.00 $15,000.00

 

A trial balance is an internal document used only by company employees; it is not meant to be available to persons outside the company.

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