The following are the ending month's balances for Toys Galore. $$\begin{array} { | r | r| }
\hline \text { Accounts payable } & \$ 6790 \
\hline \text { Revenue } & 8680 \
\hline \text { Cash } & 4500 \
\hline \text { Expenses } & 1050 \
\hline \text { Furniture } & 8370 \
\hline \text { Accounts receivable } & 7710 \
\hline \text { Capital } & 930 \
\hline \text { Loan payable } & 5230 \
\hline
\end{array}$$ What would be the last account listed on the trial balance for Toys Galore?

Question

The following are the ending month's balances for Toys Galore. $$\begin{array} { | r | r| } 
\hline \text { Accounts payable } & \$ 6790 \
\hline \text { Revenue } & 8680 \
\hline \text { Cash } & 4500 \
\hline \text { Expenses } & 1050 \
\hline \text { Furniture } & 8370 \
\hline \text { Accounts receivable } & 7710 \
\hline \text { Capital } & 930 \
\hline \text { Loan payable } & 5230 \
\hline
\end{array}$$ What would be the last account listed on the trial balance for Toys Galore?

Quizplus · Accepted Answer

Expenses are typically listed last on a trial balance because they are part of the income statement accounts, which are listed after the balance sheet accounts.

The Following Are the Ending Month's Balances for Toys Galore