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How do I turn this trial balance into an income statement and the balance sheet ACCOUNT ACCOUNT TYPE DEBIT CREDIT BALANCE Checking Bank $ 35,600.00
How do I turn this trial balance into an income statement and the balance sheet
ACCOUNT | ACCOUNT TYPE | DEBIT | CREDIT | BALANCE |
Checking | Bank | $ 35,600.00 | $ 34,762.00 | $ 838.00 |
Equipment | Fixed Asset | $ 15,000.00 | $ - | $ 15,000.00 |
A/D - Equipment | Fixed Asset | $ - | $ 150.00 | $ (150.00) |
Land | Fixed Asset | $ 25,000.00 | $ - | $ 25,000.00 |
Building | Fixed Asset | $ 175,000.00 | $ - | $ 175,000.00 |
A/D - Building | Fixed Asset | $ - | $ 850.00 | $ (850.00) |
Small Business Loan | Other Current Liability | $ 1,500.00 | $ 200,000.00 | $ 198,500.00 |
Line of Credit | Other Current Liability | $ - | $ 20,000.00 | $ 20,000.00 |
Capital Contribution | Equity | $ - | $ 20,000.00 | $ 20,000.00 |
Services | Income | $ - | $ 10,600.00 | $ 10,600.00 |
Computer/Internet | Expense | $ 178.00 | $ - | $ 178.00 |
Depreciation | Expense | $ 1,000.00 | $ - | $ 1,000.00 |
Interest | Expense | $ 225.00 | $ - | $ 225.00 |
Legal/Professional Fees | Expense | $ 1,400.00 | $ - | $ 1,400.00 |
Office Supplies | Expense | $ 4,200.00 | $ - | $ 4,200.00 |
Repairs | Expense | $ 850.00 | $ - | $ 850.00 |
Telephone | Expense | $ 142.00 | $ - | $ 142.00 |
Utilities | Expense | $ 267.00 | $ - | $ 267.00 |
Officer Wages | Expense | $ 16,000.00 | $ - | $ 16,000.00 |
Staff Wages | Expense | $ 10,000.00 | $ - | $ 10,000.00 |
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