Explain how accounts are listed in the trial balance and the importance of the trial balance in preparing financial statements and (2) Prepare a trial balance form the following accounts. List the accounts in the proper order. Accrued liabilities $10 Revenue $190 Accounts receivable $40 Building $100 Rent expense $140 Wages payable $30 Stockholders equity $50Accounts are listed in following order in trial balance 1. Fixed Assets 2. Equity 3. Long Term Liabilities 4. Current Assets 5. Current Liabilities 6. Direct Income 7. Direct Expense8. Indirect...
