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Given the following accounts and balances produce a trial balance (in the correct order) and then the Financial Statements. Account description must be exactly as
Given the following accounts and balances produce a trial balance (in the correct order) and then the Financial Statements. Account description must be exactly as they appear in the list below. Do not include any punctuation in numerical values. Each box needs to be completed - if there is no value enter 0 (zero).
Account | Balance |
Sales Revenue | 50,000 |
Depreciation Expense | 5,000 |
Cash at Bank | 45,000 |
Accounts Payable | 12,000 |
Motor Vehicle | 50,000 |
Accounts Receivable | 15,000 |
Rent Expense | 10,000 |
Owners Capital | 55,000 |
Accumulated Depreciation (MV) | 8,000 |
No Name | ||
Balance Sheet | ||
AnswerFor the Period XX/XX/XX to XX/XX/XXAs at XX/XX/XX | ||
Current Assets | ||
Answer | Answer | |
Answer | Answer | |
Total Current Assets | Answer | |
Non-Current Assets | ||
Answer | Answer | |
Less: Answer | Answer | |
Carrying Amount | Answer | |
Total Assets | Answer | |
AnswerCurrent LiabilitiesExpenses | ||
Answer | Answer | |
Total Current Liabilities | Answer | |
Non-Current Liabilities | Answer | |
Total Liabilities | Answer | |
AnswerOwners EquityNet Profit | ||
AnswerOwners CapitalOwners Drawings | ||
Total Liabilities and Owners Equity | Answer |
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