The trial balance of California Tennis Center, Inc., at the end of the first 1 1 months of its fiscal year follows: lo1

Transcribed Image Text:

CALIFORNIA TENNIS CENTER, INC. Trial Balance November 30, 1999 Acct. No. Account Title 100 103 Cash. Accounts Receivable 130 Land 200 Accounts Payable 201 Notes Payable. 300 Capital Stock Debits Credits $ 71,180 81,750 60,000 $ 18,750 15,000 50,000 413 310 Retained Earnings, January 1, 1997. Membership and Lesson Revenue 53,700 202,500 505 Advertising Expense 21,000 507 Salaries Expense. 66,000 511 Utilities Expense 2,100 515 Rent Expense 33.000 518 Supplies Expense 2,250 530 Repairs Expense 1,500 531 Entertainment Expense 870 540 Interest Expense. 300 $339,950 $339,950