Produce a Trial Balance (in the corrert order) using the following account balances. All balances are the normal balance of the account.
Accounts Receivable | 10,000 |
Accumulated Depreciation | 25,000 |
Bad Debt Expense | 10,000 |
Cash at Bank | 30,000 |
COGS | 35,000 |
Depreciation | 20,000 |
Equipment | 60,000 |
Inventory | 15,000 |
Owners Capital | 50,000 |
Owners Drawings | 5,000 |
Rent Expense | 15,000 |
Salaries Payable | 20,000 |
Sales Revenue | 105,000 |
Supplies Expense | 10,000 |
Supplies on Hand | 5,000 |
Unearned Revenue | 15,000 |
All account descriptions must be exactly as they appear above. Expenses should be in alphabetical order. Do not include punctuation in numerical answers. All boxes must be completed - enter "0" (zero) where there is no other answer.
Trial Balance | ||
Account | Dr | 9Cr |
Answer (Write Account involve ) |
Answer | Answer |
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10000 | Answer |
choose one Answer Cash at Bank or Inventory |
Answer | Answer |
choose one Answer Supplies on Hand or Equipment | Answer | Answer |
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Answer | Answer |
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Answer | Answer |
choose one Answer Owners Capital or Salaries Payable |
Answer | Answer |
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Answer | Answer |
choose one Answer Subscriptions Revenue or Owners Capital |
Answer | Answer |
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Answer | Answer |
Answer (Write Account involve ) |
Answer | Answer |
Answer (Write Account involve ) |
Answer | Answer |
Answer (Write Account involve ) |
Answer | Answer |
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Answer | Answer |
Answer (Write Account involve ) | Answer | Answer |
Total | Answer | Answer |
Debit | credit | |
Cash at bank | 30,000 | |
Account receivables | 10,000 | |
Inventory | 15,000 | |
Equipment | 60,000 | |
Supplies in hand | 5,000 | |
Supply expenses | 10,000 | |
Salary payable | 20,000 | |
Drawing | 5,000 | |
Owners capital | 50,000 | |
Sales | 1,05,000 | |
Cost of goods sold | 35,000 | |
Accumulated depreciation | 25,000 | |
Bad debts expenses | 10,000 | |
Depreciation | 20,000 | |
Rent expenses | 15,000 |
Unearned revenue . | 15,000. | |
Total . | 2,15,000 | 2,15,000 |
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