3. Prepare a trial balance from the ledger accounts of Black Diamond Express as of January...
3. Prepare a trial balance from the ledger accounts of Black Diamond Express as of January 31, 2020. Be sure to include a proper heading.
Accounts Payable $ 1,100
Rent Expense $ 500
Accounts Receivable 1,700
Service Revenue 3,000
Cash 1,400
Supplies 200
Owner’s Capital 2,000
Salaries and Wages Expense 1,300
Owner’s Drawings 1,000
Homework Answers
Trial Balance from the ledger accounts of Black Diamond Express as of January 31, 2020 is as prepared below:
Assets and Expenses are shown on debit side and Liabilities and income are shown on the credit side.
| Black Diamond Express | ||
| Trial Balance | ||
| Jan 31, 2020 | ||
| Debit | Credit | |
| Cash | 1,400 | |
| Account Receivable | 1,700 | |
| Supplies | 200 | |
| Accounts Payable | 1,100 | |
| Owners' Capital | 2,000 | |
| Owners' Drawings | 1,000 | |
| Service Revenue | 3,000 | |
| Salaries and Wages Expense | 1,300 | |
| Rent Expense | 500 | |
| Total | 6,100 | 6,100 |
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