Question

- -- ----- matting Required: Create a balance sheet from the trial balance below. Your name Trial Balance 31-Dec-19 Debit 86600 Account Credit 910 2000 Office Equipment Notes Payable Capital Fees Earned Rent Expense Utilities Expense 1900 80000 8100 1200 90910

Please help me create a balance sheet

Answer 1

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Your Name
For this we will first prepare Income Statement and Statement of Owner's Capital then Balance Sheet.
Income Statement	Amount $
Fees Earned	8,100.00
Less:
Rent Expense	1,200.00
Utilities Expense	200.00
Net Income	6,700.00
Statement of Owner's Capital	Amount $
Opening Balance	80,000.00
Add: Net Income	6,700.00
Closing Balance	86,700.00
Assets	Amount $
Current Assets
Cash and cash equivalents	86,600.00
A/R	-
Current Assets	86,600.00
Non Current Assets
Fixed Assets
Furniture	810.00
Office Equipment	2,000.00
Fixed Assets	2,810.00
Total Assets	89,410.00
Liabilities & Owner's Capital	Amount $
Liabilities
Current Liabilities
A/P	810.00
Current Liabilities	810.00
Non Current Liabilities
Notes Payable	1,900.00
Non Current Liabilities	1,900.00
Total Liabilities	2,710.00
Owner's Capital
Owner's Capital	86,700.00
Total Liabilities & Owner's Capital	89,410.00