Question
The inexperienced accountant of Alsaid Repair Shop has prepared the following incorrect Trial Balance. He believes the account balances are correct, but not sure if
- The inexperienced accountant of Alsaid Repair Shop has prepared the following incorrect Trial Balance. He believes the account balances are correct, but not sure if he could correctly separate the debit and credit account balances.
Alsaid Repair Shop
Trial Balance
For the month ended on 30th April 2021
| Account title | Debit | Credit |
| Cash | 6000 |
|
| Owners Equity |
| 12000 |
| Equipment Account | 4000 |
|
| Office Rent Expense | 1000 |
|
| Supplies |
| 500 |
| Advertising Expense | 500 |
|
| Account Payable | 1000 |
|
| Service Revenue | 5500 |
|
| Drawings |
| 3000 |
| Salaries Expense | 1000 |
|
| Notes Payable |
| 3000 |
| Utilities Expense | 1500 |
|
| Account Receivable |
| 6000 |
| Salaries Payable | 2000 |
|
| Total | 22500 | 24500 |
Required: You are required to prepare a correct Trial Balance of Alsaid Repair Shop.
(Please solve by computer, not by hand)
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