Question
Trial Balance Charles Chadwick opened a business called Charlie's Detective Service in January 20--. At the end of January the accounts had the following balances:
Trial Balance
Charles Chadwick opened a business called Charlie's Detective Service in January 20--. At the end of January the accounts had the following balances:
1. Prepare a trial balance for Charlie's Detective Service as of January 31, 20--. List the accounts in the order of Assets, Liabilities, Owner's equity, Revenue, and Expenses. If an amount box does not require an entry, leave it blank.
Accounts Payable | $4,000 |
Accounts Receivable | $3,000 |
Cash | $24,400 |
Charles Chadwick, Capital | $30,000 |
Charles Chadwick, Drawing | $3,000 |
Computer Equipment | $8,000 |
Office Furniture | $5,000 |
Office Supplies | $300 |
Professional Fees | $12,000 |
Rent Expense | $1,500 |
Utilities Expense | $800 |
Prepare a trial balance for Charlie's Detective Service as of January 31, 20--. List the accounts in the order of Assets, Liabilities, Owner's equity, Revenue, and Expenses. If an amount box does not require an entry, leave it blank.
Charlie's Detective Service | ||
Trial Balance | ||
January 31, 20-- | ||
Account | Debit Balance | Credit Balance |
Cash | ||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started