Trial balance and balance sheet and income statement

Debit Credit

Cash 130,000

Owners capital 130,000

Machinery and Equipment 19,900

Cash 19,900

Furniture and fixtures 21,800

Cash 21,800

Contingency Funs (10%) 11,702

Cash 11,702

Rent expense 3000

Cash 3000

Marketing expense 100

Cash 100

Utilities expense 1681.36

Cash 1681.36

Cooking tools 1215

Cash 1215

Cleaning tools 520

Cash 520

Office supplies 260

Cash 260

Raw materials 12,390

Cash 12,390

Packaging 6,300

Cash 6,300

Salaries and wages 43,800

Cash 43,800

Employee benefits 6,056

Cash 6,056

Cost of good sold 36,090

Inventory 36,090