Trial Balance for Kate's Card as of September 30, 2016 Particulars Debit Credit Cash $6,100 Common Stock $10,000 Equipment $4,800 Supplies Inventory $100 Prepaid Insurance $1,100 Accumulated Depreciation $100 Consulting Expenses 50 Sales Revenue $5,000 Cost of Goods Sold $1,750 Insurance Expenses $100 Wages $1,000 Depreciation $100 Total $15,100 $15,100 This is a continuation of the Serial Problem! PLUIUS JU LUPULUI Getting ready for the upcoming holiday season is traditionally a busy time for greeting cards panies, and it was no exception for Kate. The following transactions occurred during the month October: 1. Hired an assistant at an hourly rate of $10 per hour to help with some of the computer layouts administrative chores. 2. Supplements her business by teaching a class to aspiring card designers. She charges and receive a total of $450. 3. Delivers greeting cards to several new customers. She bills them a total of $3,500. 4. Pays a utility bill in the amount of $250 that she determines is the business portion of her utiling bill. Prepaid Insurance Particular Debit Particulars Credit Cash $1,100 Balance c/f $1,100 $1,100 $1,100 Depreciation Particular Credit Debit $100 Particulars Balance c/ $100 Accumulated Depreciation $100 $100 Accumulated Depreciation Particular Debit Credit Particulars Depreciation Balance c/ 5100 S100 $100 $100 Wages expenses Cash Particular Debit Particulars Credit Common stock $10,000 S50 Consulting expenses Equipment Sales Revenue $5,000 $4,800 Accounts payable S1,850 $100 Insurance expenses Prepaid Insurance S1,100 Wages expenses $1,000 Balance c/ 56,100 $15,000 $15,000 Common stock Particular Credit Debit $10,000 Particulars Cash Balance c/f $10,000 $10,000 $10,000 Consulting expenses Consulting expenses Particular Debit Particulars Credit Cash $50 Balance c/f $50 550 550 Equipment Particular Debit Particulars Credit Cash $4,800 Balance c/ $4,800 $4,800 $4,800 Supplies Inventory Particular Debit Particulars Credit Accounts payable S350 S1,750 Cost of Goods sold Balance c/f Accounts payable $1,500 $100 $1,850 $1,850 Sales Revenue Particular Debit Particulars Credit Balance c/ $5,000 Cash $5,000 $5,000 $5,000 Cost of Goods Sold Particular Debit Particulars Credit Supplies Inventory $1.750 Balance of $1,750 $1,750 $1,750 Accounts payable Particular Debit $1,850 Cash Particulars Supplies Inventory Supplies Inventory Credit S350 S1.500 S1,850 $1,850