A company's trial balance shows total debits of \$45,000 and total credits of \$42,500. If the only missing account is 'Accounts Receivable,' what is the correct balance for 'Accounts Receivable' to balance the trial balance?

Given the following T-account balances at the end of the period, which of the following statements is correct regarding the trial balance?Cash: Debit $5,000; Credit $2,000Accounts Payable: Debit $1,000; Credit $3,500Service Revenue: Debit $0; Credit $4,000What is the correct ending balance for the Cash account to be reported on the trial balance?

Based on the trial balance spreadsheet below, which of the following statements is true?| Account | Debit ($) | Credit ($) ||-------------------|-----------|------------|| Cash | 5,000 | || Accounts Payable | | 2,000 || Service Revenue | | 3,000 || Salaries Expense | 1,000 | || Common Stock | | 1,000 |A. The total debits equal the total credits.B. The trial balance is out of balance by $1,000.C. The total credits exceed the total debits by $2,000.D. The trial balance is out of balance by $500.

The balance of an account is determined by:

Based on the adjusted trial balance of Sky Blue Corporation at December 31, which of the following statements is correct?

Given the following T-account for Accounts Receivable:\[\begin{array}{c|c}\text{Debit} & \text{Credit} \\\hline\$5,000 & \\\$2,000 & \\ & \$1,500 \\\end{array}\]What is the ending balance of the Accounts Receivable T-account?

Which of the following best describes the purpose of Valley Company's adjusted trial balance as of August 31, 2017?

The main reason an accountant would conduct a trial balance is to:

Which of the following best describes the purpose of the adjusted trial balance prepared by Blueboy Cheese Corporation as of December 31, 2024?