Trial Balance Questions for Accounting

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

          Cash

30.11.2007

10200

11200

03.12.2007

13.12.2007

1600

1850

21.12.2007

19.12.2007

7300

3090

31.12.2007

25.12.2007

1600

Ending Balance

4560

Accumulated depreciation

3900

End bal.

    Accounts Receivable

30.11.2007

3600

1600

25.12.2007

             06.12.2007

3300

End Balance

5300

          Accounts Payable

1850

 2200

 30.11.2007

600

December

950

End Bal

Office Suplies

30.11.2007

2300

11.12.2007

600

End Balance

2900

Owner’s Withdrawals

 30.11.2007

 4000

End Balance

 4000

Capital

25000

30.11.2007

 December

25000

End Bal

Service Revenue

2700

 30.11.2007

7600

End Bal

Rent Expenses

30.11.2007

2000

31.12.2007

1200

End Balance

3200

Salaries Expenses

30.11.2007

4400

31.12.2007

1700

End Balance

6100

Electricity Expenses

30.11.2007

3400

31.12.2007

190

End Balanc

3590

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.

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