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The trial balance of Tomas Computer Service Center on November 1, 2014, lists the entity's assets, liabilities, an owner's equity on that date. Account Title
The trial balance of Tomas Computer Service Center on November 1, 2014, lists the entity's assets, liabilities, an owner's equity on that date. Account Title Cash Account receivable Account payable Capital, J. Tomas Balance Debit (RM) Credit (RM) 26,000 4,500 2,000 28,500 30,500 30,500 TOTAL During November the business engaged in the following transactions: Date Transactions Nov. 1 Tomas borrowed RM45,000 from the bank. He signed a note payable in the name of the business. 2 Paid cash of RM40,000 to a real estate company to acquire land. 3 Performed service for a customer and received cash RM5,000. 4 Purchased supplies on credit, RM300. 5 Performed customer service and earned revenue on account, RM2,600. 6 Paid RM1,200 on account 7 Paid the following cash expenses: salaries, RM3,000; rent, RM1,500: and interest, RM400 8 Received RM3,100 on account. Received a RM200 utility bill that will be paid next month. 10 Tomas withdrew RM1,800 for personal use. Required: d. Prepare the trial balance at November 30, 2014
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