Homework Answers
Cash balance = Total debits - Total Credits
= 1000 - 500 i.e 500
| Dudley Company | ||
| Trial Balance | ||
| September 30,2020 | ||
| Account | Debit | Credit |
| Cash | 500 | |
| Accounts payable | 100 | |
| Capital | 300 | |
| Drawing | 200 | |
| Revenue | 600 | |
| Rent expense | 300 | |
| Dudley Company | ||
| Income Statement | ||
| For the month ended September 30,2020 | ||
| Revenue | 1000 | |
| Supplies expense | 200 | |
| Utility Expense | 100 | |
| Wage expense | 400 | |
| Total expense | 700 | |
| Net Income | 300 |
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Make a post-Closing Trial Balance for the following balances.
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