The following are the ending month's balances for Toys Galore. $\begin{array}{|l|r|}
\hline \text { Accounts payable } & \$ 6,790 \
\hline \text { Revenues } & 8,680 \
\hline \text { Cash } & 4,500 \
\hline \text { Expenses } & 1,050\
\hline \text { Furniture } & 8,370 \
\hline \text { Accounts receivable } & 7,710 \
\hline \text { Capital } & 930 \
\hline \text { Notes payable } & 5,230\\hline
\end{array}$ What would be the first account listed on the trial balance for Toys Galore?

Question

Quizplus · Accepted Answer

The first account listed on a trial balance is typically an asset account, and among the options given, "Cash" is an asset account and would appear first based on standard accounting practices.

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