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Question 2 Abdul Malik and Associates is a firm providing financial planning services. The account balances (ending balances) of the firm as at December 31,

Question 2

Abdul Malik and Associates is a firm providing financial planning services. The account balances (ending balances) of the firm as at December 31, 2019 are shown below:

Accounts Payable

$ 5,000

Accounts Receivable

15,900

Buildings

140,000

Cash

11,700

Equipment

31,300

Land

48,000

Owners Capital

152,900

Notes Payable

95,000

Supplies

2,900

Drawings

3,100

Instruction:

Prepare a trial balance for Abdul Malik and Associates at December 31, 2019.

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