Question

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The T account balances for the accounts of Rya’s Planning Services as of January 31, 2019 are listed below. Cash $ 22,100 Accounts Receivable 18,100 Office Supplies 850 Equipment 15,000 Accounts Payable 5,160 Rya Page, Capital 29,100 Rya Page, Drawing 6,200 Planning Fees Income 34,250 Office Supplies Expense 320 Rent Expense 920 Salaries Expense 4,200 Utilities Expense 820

Prepare a Trial Balance as of January 31, 2019.

Answer 1

Please find below table useful to compute desired results: -

B 3 Credit RYA'S PLANNING SERVICES 2 Trial Balance 31-01-2019 4 Accounts name Debit 5 Cash 22100 6 Accounts Receivable 18100 7 Office Supplies 850 8 Equipment 15000 9 Accounts Payable 5160 10 Rya Page, Capital 29100 11 Rya Page, Drawings 6200 12 Planning fees income 34250 13 Office supplies expense 320 14 Rent Expense 920 15 Salaries Expense 4200 16 Utilities expense 820 17 Total =SUM(B5B16) =SUM(C5-C16)

End results would be as follows: -

BC RYA'S PLANNING SERVICES Trial Balance 3 31-Jan-19 4 Accounts name Debit Credit 5 Cash $22,100 6 Accounts Receivable $18,100 7 Office Supplies $850 8 Equipment $15,000 9 Accounts Payable $5,160 10 Rya Page, Capital $29.100 11 Rya Page, Drawings $6,200 12 Planning fees income $34,250 13 Office supplies expense $320 14 Rent Expense $920 15 Salaries Expense $4,200 16 Utilities expense $820 17 Total $68,510 568,510