All nine transactions for Ralston Sports Co. for September, the first month of operations, are recorded...
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Prepare a trial balance, listing the accounts in their proper order |
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Homework Answers
Answer:
| Ralston Sports Co | ||
| Trail Balance | ||
| For the month ended september 30 | ||
| Account title | Debit | Credit |
| Cash [25000+11900+9700-12500-7600-10500-7000] | $ 9,000 | $ - |
| Accounts Receivable [9900-9700] | $ 200 | $ - |
| Supplies | $ 12,500 | $ - |
| Equipment | $ 9,500 | $ - |
| Accounts Payable [9500-7600] | $ - | $ 1,900 |
| James Ralston,Capital | $ 25,000 | |
| James Ralston,Drawing | $ 7,000 | $ - |
| Service Revenue [11900+9900] | $ - | $ 21,800 |
| Operating expense | $ 10,500 | $ - |
| Total | $ 48,700 | $ 48,700 |
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