The following list of accounts was taken from the general ledger of Bassett Corporation on December 31,2014.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.
Definitions:
Direct Method
A costing method that directly allocates service department costs to producing departments without any intermediate allocation steps.
Operating Activities
Refers to the primary revenue-generating activities of a business, typically including sales, service delivery, and associated costs.
Indirect Method
A way of preparing a cash flow statement where net income is adjusted for non-cash transactions and changes in working capital.
Cash Flows
The cumulative sum of funds moving in and out of a company, particularly regarding its ability to meet short-term obligations.
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