The General Ledger Accounts for Corey's Candle Company for the Month

question 45

Essay

The general ledger accounts for Corey's Candle Company for the month of January 2013 are shown below. All accounts have normal balances.

Requirements
Prepare a trial balance with the general ledger accounts in the proper financial statement order.

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Definitions:

Credit Services

Financial services that provide customers with credit facilities to purchase goods or services, including loans, credit cards, and lines of credit.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any jurisdiction.

IFRS

International Financial Reporting Standards, a set of accounting standards providing a global framework for how public companies prepare and disclose their financial statements.

Chart of Accounts

An organized list of all accounts used by an entity in its accounting system, facilitating the recording, reporting, and analysis of financial transactions.