Chapter 4, Problem 4.15E

a.

To determine

Concept Introduction:

Trial Balance: A trial balance can be defined as a bookkeeping worksheet wherein the balances of the ledgers of a company are brought together into the debit column and the credit column. A trial balance is prepared by a company periodically, generally at the end of an accounting period. It is usually prepared to make sure that the entries in the bookkeeping system of a company are correct and true.

To prepare: The unadjusted trial balance of MPS Incorporation as on December 31, 2018.

b.

To determine

Concept Introduction:

Trial Balance: A trial balance can be defined as a bookkeeping worksheet wherein the balances of the ledgers of a company are brought together into the debit column and the credit column. A trial balance is prepared by a company periodically, generally at the end of an accounting period. It is usually prepared to make sure that the entries in the bookkeeping system of a company are correct and true.

To prepare: The adjusted trial balance of MPS Incorporation as on December 31, 2018.