Trial Balance Woody Shore Company 31-Aug-14 Debit Credit Cash $75,725 Capital $8
ID: 2454443 • Letter: T
Question
Trial Balance Woody Shore Company
31-Aug-14
Debit Credit
Cash $75,725
Capital $87,000
Equipment $15,000
Insurance Expenses $3,600
Supplies $800
Rent $2,800
Accounts Payable $500
Notes Payable $11,550
Accounts Receivable $4,500
Service Revenue $10,300
Salaries Expense $4,000
Owner's Withdrawals $2,100
Automobile Expense $825
$109,350 $109,350
Please create Balance sheet from this Trail Balance. I tried to create columns, debit and credit.
Explanation / Answer
TRADING AND PROFIT AND LOSS A/C
BALANCE SHEET
To Supplies 800 By Service Revenue 10300 To Salaries 4000 To Rent 2800 To Insurance Expense 3600 To Automobile expense 825 By Loss 1725 12025 12025