Union Company wants to prepare a worksheet for the month of December 2007. The following information was taken from the general ledger:

Number Account Amount
101 Cash $500
102 Accounts Receivable $1,000
104 Vehicle $7,500
105 Equipment $2,000
201 Accounts Payable $1,000
205 Ross Capital $10,000
300 Sales $4,500
301 Ad Expense $500
302 Insurance Expense $500
303 Rent Expense $1,000
304 Utilities Expense $1,000
305 Supplies Expense $1,500

Prepare a worksheet to include the following:

Heading
Account Numbers
Account Names
Trial Balance
Income Statement
Balance Sheet

Be sure to carry other the account totals to either the income statement or balance sheet.


I can't get it to balance, so I can't go past the trial balance part. The debit is $13,700, and the credit is $15,500. Is that how it's suppose to be? Do they not need to be equal? I thought they did. It's a trial balance, but. Trying to figure out where I went wrong.