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Trial balance questions for accounting

General Journal Entries

	Date	Account	Debit	Credit
a.	03 Dec.	Building	11200
		Cash		11200

b.	06 Dec.	Accounts receivable	3300
		Service Revenues		3300

c.	11 Dec.	Office supplies	600
		Accounts Payable		600

d.	13 Dec.	Cash	1600
		Service Revenues		1600

e.	19 Dec.	Cash	7300
		Accumulated depreciation	3900
		Building		11200
f.	21 Dec.	Accounts Payable	1850
		Cash		1850

g.	25 Dec.	Cash	1600
		Accounts Receivable		1600

h.	31 Dec.	Rent Expenses Salaries Expenses Electricity Expenses	1200 1700 190
		Cash		3090

Ledger Accounts for 30.11.2007 & 31.12.2007

ABCD Ltd. Income Statement For the Month Ended December 31, 2007

Revenues……………………………………………………………………………………………….	$7,600
Rent expense………………………………………………………………………………………….	3200
Salary expense…………………………………………………………………	6100
Utility expense………………………………………………………………..	3590
Net income(loss)……………………………………………………………………………………..	(5290)

ABCD Ltd.

Statement of Owner’s Equity

For year ended 31.12.2007

Owner’s capital $ 25000

Owner’s withdrawals 4000

Retained earnings (5290)

Total owner’s equity $ 15710

ABCD Ltd.

Balance Sheet

31.12.2007

Assets: liabilities:

Cash 4560 accounts payable 950

Office supplies 2900 owner’s equity:

Accounts receivable 5300 Owner’s capital 25000

Accumulated dep. 3900 owner’s withdrawal 4000

Retained earnings (5290)

Total assets: $16660 total liab. And O.E: $16660

April 25, 2020

Trial Balance Questions for Accounting