1. Prepare a trial balance for a mowing business with the following transactions:

Assets -

Cash: 12745

Accounts receivable: 4590

Inventory: 270

Mowing equipment: 28950

Liabilities -

Accounts payable: 10980

Bank overdraft: 1200

Equity -

Owner capital: 25300

Owner drawing: 1800

Revenue -

Mowing revenue: 12375

Expenses -

Mulch: 650

Advertising: 850

2. Prepare a profit and loss from the trial balance