Question
The following are the balances that appeared in the books of the Al-Saad facility on 30/9/2020: $125,000 cash in bank, $150,000 cars, $270000 lands and
The following are the balances that appeared in the books of the Al-Saad facility on 30/9/2020: $125,000 cash in bank, $150,000 cars, $270000 lands and buildings, $37,500 creditors, $250,000 bank mortgage loan, $50,000 furniture, $30,000 debtors, $37,500 notes receivable, $20,000 notes payable, $5,000 rent expenses, $205,000 revenue Stocks, $125,000 commissions collected, $52,500 wages and salaries expenses, $12,500 advertising expenses, $25,000 inventory, capital??? Required: Preparing the trial balance on 9/30/2020 and determining the value of the company's capital
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