Principles of Accounting Practice Questions 21 21 Q No.11 The trial balance of the law practice of Brent Busch, Attorney, at November 15, 20X3, follows. BRENT BUSCH, ATTORNEY Trial Balance November 15, 20X3 Account Number Account Debit Credit 11 Cash 12 13 14 Accounts payable Supplies Land Rs. 3,000 8,000 600 35,000 21 Accounts payable Rs. 4,600 31 Brent Busch, capital 40,000 32 Brent Busch, withdrawals 2,300 41 Service revenue 7,100 51 Salary expense 1,800 52 Rent expense 1000 Rs.51,700 Rs.51,700 Total During the remainder of November, Busch completed the following transactions: Nov. 16 17 21 Collected Rs.6,000 cash from a client on account. Performed tax service for a client on account, Rs. 1,700. Used personal funds to pay for the renovation of private residence, Rs.55,000. Purchased supplies on account, Rs.800. Withdrew Rs.2,100 for personal use. Paid on account, Rs.2,600. 22 23 23 24 30 30 Paid employees' salaries, Rs.2,100. Received Rs. 1,900 cash for legal work just completed. Paid rent, Rs.700. Required: Record the transactions that occurred during November 16-30 and prepare Trial Balance on November 30