The Accounts Below All Have Normal Balances

question 25

Essay

The accounts below all have normal balances.Prepare a trial balance for Alana's Florist Shop as of September 30,20--.
$$\begin{array} { l r } \text { Service Fees } & \$ 40,650 \\\text { Accounts Receivable } & 18,000 \\\text { Rent Expense } & 3,700 \\\text { Utilities Expense } & 1,400 \\\text { Alana, Capital } & 42,100 \\\text { Alana, Drawing } & 2,700 \\\text { Wages Expense } & 18,300 \\\text { Equipment } & 35,000 \\\text { Supplies } & 4,400 \\\text { Accounts Payable } & 10,400 \\\text { Prepaid Insurance } & 1,600 \\\text { Cash } & 8,050\end{array}$$

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Definitions:

Trade Surpluses

A condition in international trade where a country exports more goods and services than it imports.

Balance Of Payments Surpluses

A situation where the total amount of money coming into a country from abroad exceeds the total amount of money leaving the country.

Account Surpluses

Refers to the positive balance of the funds in an account, or situations where revenues exceed the expenditures in fiscal accounts.

Trade Deficit

A situation where a country imports more goods and services than it exports.