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The trial balance of Bancro Management Consul ng on March 1 , 2 0 2 2 , lists the company's assets, liabili es , and
The trial balance of Bancro Management Consulng on March lists the company's assets, liabilies and owner's equity on that date. BANCROFT MANAGEMENT CONSULTING TRIAL BALANCE MARCH ACCOUNT NUMBER ACCOUNT TITLE DEBIT CREDIT Cash Accounts receivable Accounts payable John Cassier, capital Total During March the business engaged in the following transacons: Mar. Required Borrowed $ from the bank and signed a note payable in the name of the business. Paid cash of $ to a real estate company to acquire land in the town of Bancro Performed service for a customer and received cash of $ Purchased supplies on account, $ Performed customer service and earned revenue on account, $ Paid $ of the Accounts Payable balance from the March I, trial balance. Paid the following cash expenses: salaries, $; rent, $; and interest, $ Received $ of the Accounts Receivable balance from the March trial balance. Received a $ ulity bill that will be paid next week. John Cassiar withdrew $ for personal use. Open the following accounts, with the balances indicated, in the ledger of Bancro Management Consulng Use the threecolumn ledger format. Assets: Cash, # $; Accounts Receivable, # $; Supplies, # no balance; Land, # no balance Liabilies: Accounts Payable, # $; Notes Payable, # no balance Owner's Equity: John Cassiar, Capital, # $; John Cassiar, Withdrawals, # no balance Revenues: Service Revenue, # no balance Expenses: Interest Expense, #; Rent Expense, #; Salaries Expense. #; Ulies Expense, #none have balances Journalize the preceding transacons Post the transacons to the ledger. Prepare the unadjusted trial balance of Bancro Management Consulng at March
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