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PREPARE BALANCE SHEET BY USING THE INFORMATION FROM THE TRIAL BALANCE Debit Credit $ $ Land 30000 Furniture 15000 Vehicles 4000 Inventory 3400 Bank 2300
PREPARE BALANCE SHEET BY USING THE INFORMATION FROM THE TRIAL BALANCE
| Debit | Credit |
| $ | $ |
Land | 30000 |
|
Furniture | 15000 |
|
Vehicles | 4000 |
|
Inventory | 3400 |
|
Bank | 2300 |
|
Capital |
| 43500 |
Loan from ABC Bank |
| 10000 |
Trade receivable and payable |
| 2300 |
Net Profit |
| 8500 |
Drawings | 7600 |
|
| 64300 | 64300 |
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