Explain how accounts are listed in the trial balance and the importance of the trial balance in preparing financial statements and (2) Prepare a...

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 $50

Accounts are listed in following order in trial balance1. Fixed Assets2. Equity3. Long Term Liabilities4. Current Assets5. Current Liabilities6. Direct Income7. Direct Expense8. Indirect...