
Four Column Accounts:
The four column accounts keeps track of the balance as transactions takes place. In case of assets and expense accounts, the increase in the expenses and assets are shown in the debit column and vice-versa. When there is increase in liabilities and revenues, it is shown on the credit side and vice-versa.
A trial balance is a statement consisting of all the ledger accounts which is prepared at the end of accounting period.
To determine:
1. Journalize the transactions for the month of April.
2. Open four-column accounts with account number.
3.
4. Prepare trial balance as of April 30, 2017.

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Chapter 2 Solutions
Horngren's Accounting, The Financial Chapters (11th Edition) - Standalone Book
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