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
|
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. Trial Balance 31.12.2007 |
|||
|
Balance |
||
Account Title |
Debit |
|
Credit |
Cash |
4560 |
|
|
Office Supplies |
2900 |
|
|
accumulated depreciation |
3900 |
|
|
Accounts Receivable |
5300 |
|
|
Accounts Payable |
|
|
950 |
Owner’s Capital |
|
|
25000 |
Owner’s withdrawals |
4000 |
|
|
Service Revenue |
|
|
7600 |
Rent Expenses |
3200 |
|
|
utility Expenses |
3590 |
|
|
Salary Expenses |
6100 |
|
|
Total TL |
33550 |
|
33550 |
ABCD Ltd. |
|
|
|
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 |
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