The Accounting Cycle
By Caleb Speelman
A trial balance is created based upon the information from the ledger. A trial balance used by accountants is to help check that the amounts recorded are recorded correct, if not the person will have to go back and find the error. The accounts are listed with their balances either debit or credit. If they come out to be equal then all is recorded correct so far.
When you receive your bank statement you put the bank's amount first, then fill out based on the numbers it gives you. On the final screen it shows you all the work and steps it took, plus the final result.
However as of now they are operating at a net income of 14,694,000.