TRIAL BALANCE - Illustration

Larry Limited started business with 100.000

There was credit sale of 46,000 to Vicks Ltd,

and cash sale of 24,000 during the period *

There was cash purchases of 55,000 and

credit purchases 40,000 from Pages Ltd

At the end of the period Larry had 15,000

worth of stocks in the warehouse

Larry paid 1,800 to salesmen

There was rent income of 1,500