Acct $110$

Chapter $3$ Homework Handout

Problem $3$

The accounts below all have normal balances. Prepare a trial balance for Aster's Accounting Service as of May $31,2018.$ Don't forget to start with a three$-$line title that includes the company name, name of report, and date. Accounts must be listed in the standard Chart of Accounts order: Assets, Liabilities, Capital, Withdrawals, Revenue, Expenses.

Your total debits and total credits must be equal. If they are not, check your math. If your math is correct, check each amount to make sure you listed it correctly as a debit or credit. Remember, all these accounts have normal balances $.$

$\backslash$table$[[$Accounts Payable,$600,$Prepaid Insurance,$1,200],[$Accounts Receivable,$700,$Rent Expense,$900],[$Aster$,$ Capital,$9,400,$Service Revenue,$9,200],[$Aster$,$ Drawing,$1,000,$Supplies,$375],[$Cash$,3,500,$Telephone Expense,$125],[$Computers$,4,400,$Wages Expense,$2,000],[$Office Furniture,$5,000,,]]$

$\backslash$table$[[$Account Titles,Debit, Credit ${?}_{(})$