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Need to make an unadjusted trial balance out of the information provided Jan. 1 Fahad Ali transferred cash from a personal bank account to an
Need to make an unadjusted trial balance out of the information provided
Jan. 1 Fahad Ali transferred cash from a personal bank account to an account to be used for the business, $30,000. 2 Paid rent on office and equipment for the month, $2,450. 3 Purchased supplies on account, $2,200. 4 Paid creditor on account, $850. 5 Earned fees, receiving cash, $14,940. 6 Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $470. 7 Paid office salaries, $2,000 8 Determined that the cost of supplies used was $1,100. 9 Withdrew cash for personal use, $3,200Step by Step Solution
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