Homework Answers
| Total credits for trial balance is $34,250 | ||
| Statement showing Computations | ||
| Particulars | Debits | Credits |
| Accounts payable | 10,000.00 | |
| Revenue | 12,000.00 | |
| Cash | 5,000.00 | |
| Expenses | 1,500.00 | |
| Furniture | 14,000.00 | |
| Accounts receivable | 15,000.00 | |
| Common stock | 8,250.00 | |
| Nots payable | 4,000.00 | |
| Total | 35,500.00 | 34,250.00 |
| Note - trial balance is not matching as all the items are not given |
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