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Given the following account balances, prepare an unadjusted trial balance for Bakeshop Corp. as of December 31, 20Y5.

User Emilolsson
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Final answer:

To prepare an unadjusted trial balance, list all the ledger accounts and balances in debit and credit columns, ensuring they balance. The merchandise balance is exports minus imports, while the current account balance includes trade balance, investment earnings, and net transfer payments. However, without the account balance details or export/import figures, we cannot provide specific calculations.

Step-by-step explanation:

To prepare an unadjusted trial balance for Bakeshop Corp. as of December 31, 20Y5, you would list all the account titles and their corresponding balances from the company's ledger, separating them into debit and credit columns. Unfortunately, the details of the account balances are not provided in your question, so I can't offer a specific example. Typically, you would start with asset accounts, followed by liability accounts, and equity accounts, ensuring that the total of the debit column equals the total of the credit column. This trial balance serves as a preliminary check to ensure that debits and credits are balanced before making adjustments and preparing financial statements.

To calculate the merchandise balance and the current account balance, you would use the information provided to fill in a table (such as Table 23.2, 10.2, or 9.2 as referenced in your question). However, since the necessary figures (e.g., Exports, Imports) have not been supplied, I cannot give you those calculations either. Typically, the merchandise balance would involve subtracting the total imports from total exports, while the current account balance includes a sum of the balance of trade in goods and services and net earnings on overseas investments and net transfer payments.

User Jeraldfdo
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