The Following List of Accounts Was Taken from the General

question 177

Essay

The following list of accounts was taken from the general ledger of Bassett Corporation on December 31,2017.The bookkeeper thought it would be helpful if the accounts were arranged in alphabetical order.Each account contains the balance that is normal for that type of account;for example,Cash normally has a debit balance.Prepare a trial balance as of this date with the accounts arranged in the following order: (1)assets, (2)liabilities, (3)stockholders' equity, (4)revenues, (5)expenses,and (6)dividends.
$\begin{array}{lr}\text { Accounts Payable } & \$ 8,650 \\\text { Accounts Receivable } & 5,325 \\\text { Automobiles } & 9,200 \\\text { Buildings } & 150,000 \\\text { Capital Stock } & 100,000 \\\text { Cash } & 11,500 \\\text { Commissions Expense } & 2,600 \\\text { Commissions Revenue } & 12,750 \\\text { Dividends } & 2,000 \\\text { Equipment } & 85,000\\\text { Heat, Light, and Water Expense } & 1,400 \\\text { Income Tax Expense } & 1,700 \\\text { Income Taxes Payable } & 2,500 \\\text { Interest Revenue } & 1,300 \\\text { Land } & 50,000 \\\text { Notes Payable } & 90,000 \\\text { Office Sal aries Expense } & 6,000 \\\text { Office Supplies } & 500 \\\text { Retained Earnings } & 110,025\end{array}$

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Definitions:

Distal Stimulus

An object or event in the external world that contributes to the sensory input, ultimately perceived and interpreted by the sensory organs after processing.

Light Waves

Electromagnetic waves that are visible to the human eye, responsible for the sense of sight.

Kinesethesis

The sense that detects body position, weight, or movement of the muscles, tendons, and joints.

Transduction

The process through which a physical stimulus is converted into a signal within the nervous system.