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Create a Trial Balance Sheet for the following scenerio. May 1 Mr. Wayne deposited $200,000 of his personal money into the business savings account. 2

Create a Trial Balance Sheet for the following scenerio.

May 1

Mr. Wayne deposited $200,000 of his personal money into the business savings account.

2

The Corporation signs an agreement to rent an office space for $1,200 per month, with the first 6 months due at the time of signing

2

Mr. Wayne contributed a computer worth $1,500 and a desk worth $3,500 to the Corporation

2

The Corporation bought $300 worth of miscellaneous office supplies such as pens, pencils and paper

2

The Corporation bought a printer for $800

3

The Corporation paid Robin $500 to produce a commercial promoting the Corporation

4

The Corporation paid $2,300 in airfare for Mr. Wayne to attend a CPA conference in Washington DC

4

The Corporation paid $800 for a hotel in Washington DC for 4 nights so Mr. Wayne could attend the CPA conference.

6

Mr. Wayne spent $120 out of the Corporation's bank account on a pair of shoes

10

The Corporation reimbursed Mr. Wayne $1,300 for meals spent in Washington DC

15

The Corporation hires Mr. Freeze as the Senior Accountant for $25 an hour

15

Mr. Wayne bills Mr. Joker $450 for monthly bookkeeping services

15

Mr. Wayne bills Ms. Ivy $600 for monthly bookkeeping services and payroll preparation

20

Mr. Wayne bills Mr. Face $550 for preparation of his 2015 tax return.

30

The Corporation paid $200 for utilities

30

The Corporation paid $125 for the telephone service

30

The Corporation accepted a credit payment from Mr. Joker for $450, but incurred a $5 credit service fee and received $445 in cash

30

The Corporation received a notice from the Court that Mr. Face was granted bankruptcy and is not mandatory to pay his amount due.

30

The Corporation received an invoice for miscellaneous office supplies for $425

31

The Corporation billed miscellaneous clients in the total amount of $12,500.

31

The Corporation paid wages for the month of May which consisted of the following:

Wages

$2,400

Employer Payroll Taxes to be paid next month

$703

Employee taxes paid by the employer due next month

$476

Cash paid out on the 31st

$1,924

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