Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 You have summarized all your journal entries and posted them to the General Ledger. Using your totals for each of the accounts in the

2 You have summarized all your journal entries and posted them to the General Ledger. Using your totals for each of the accounts in the following list, prepare a trial balance at the end of December 2019.

Cash $3,000

Debtors $1,000

Inventory $1,200

Equipment $5,050

Vehicle $25,000

Furniture $5,600

Creditor $2,200

Loans $29,150

Capital $5,000

Sales $20,000

Purchases $7,500

Advertising $1,625

Interest Expenses $345

Office Expenses $550

Rent Expense $800

Salaries $3,500

Telephone Expenses $500

Utilities Expenses $680

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting IFRS Principles

Authors: Ilse Lubbe, Goolam Modack, Alex Watson

4th Edition

0199049238, 9780199049233

More Books

Students also viewed these Accounting questions

Question

Explain how pancreatic secretions are regulated.

Answered: 1 week ago