The accounts of Local Company at May 31,2015 are as follows: What are the first four lines,in proper order,on the trial balance at May 31,2015?
A)Accounts Payable,Accounts Receivable,Cash,Common Stock
B)Sales Revenue,Salary Expense,Insurance Expense,Supplies
C)Cash,Accounts Receivable,Supplies,Accounts Payable
D)Accounts Payable,Notes Payable,Common Stock,Retained Earnings

Question

The accounts of Local Company at May 31,2015 are as follows:  What are the first four lines,in proper order,on the trial balance at May 31,2015?
A)Accounts Payable,Accounts Receivable,Cash,Common Stock 
B)Sales Revenue,Salary Expense,Insurance Expense,Supplies 
C)Cash,Accounts Receivable,Supplies,Accounts Payable 
D)Accounts Payable,Notes Payable,Common Stock,Retained Earnings

Quizplus · Accepted Answer

The trial balance typically lists accounts in alphabetical order or in the order in which they appear in the ledger. Among the given options, choice C lists the first four accounts in alphabetical order, which is the most common convention for preparing a trial balance. Therefore, option C is the best choice.

The Accounts of Local Company at May 31,2015 Are as Follows