BestTech

Balance Sheet

October $31,2023$

Assets

Cash $ $44,000$

Accounts Receivable $70,500$

Supplies $13,500$

Land $50,000$

Total Assets $$178,000$

Liabilities & Stockholders$$ Equity

Accounts Payable $ $31,500$

Common Stock $45,500$

Retained Earnings $101,000$

Total Liabilities & Stockholders$$ Equity $$178,000$

Required:

$1.$ Create T$-$accounts. Place the beginning balances in each account.

$2.$ Record the necessary journal entries for November.

$3.$ Post these entries to the appropriate T$-$account.

$4.$ Prepare a Trial Balance.