Prepare and extract a Trial Balance Report as of 10 June from the ledgers above. The trial balance needs to be balanced in terms of debit and credits. You need to review and check the trial balance ensuring any errors are corrected. (Refer to Chapter 5 Accounting Principles Book One) Answer: Bank (asset) GST paid (asset) Vehicle (asset) GST collected (liability) Loan (liability) Capital (equity) Drawings (equity) Service revenue (revenue) Commission revenue (revenue) Interest revenue (revenue) Insurance (expense) Stationary TOTAL ************* Trial Balance 100,000 1,670 Debit 20,000 1,000 165 Credit 17,600 320 35,000 2000 1,200 25 810

Prepare and extract a Trial Balance Report as of 10 June from the ledgers above. The trial balance needs to be balanced in terms of debit and credits. You need to review and check the trial balance ensuring any errors are corrected. (Refer to Chapter 5 Accounting Principles Book One)