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Create a Balance Sheet with this Trial Balance:

 

Debits

Credits

Cash

$713,083

 

Inventory

$1,500

 

Prepaid Rent

$11,000

 

Prepaid Insurance

$8,000

 

Cost Goods Sold

$78,500

 

Accounts Receivable

$60,000

 

Equipment

$300,000

 

Rent Expense

$1,000

 

Interest Expense

$417

 

Salary Expense

$30,000

 

Depreciation Expense

$36,000

 

Utility Expense

$1,500

 

Accumulated Depreciation

 

$36,000

Sales Revenue

 

$120,000

Account Payable

 

$30,000

Notes Payable

 

$50,000

Deferred Renvenue

 

$5,000

Commcn Stock

 

$100,000

Total

$1.241,000

$1,241,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91668998
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