Prepare a trial balance with the 10 activities listed below:The owners invested $8,500 from their personal account to the business account.Paid rent $650 with check #101.Initiated a petty cash fund $550 check #102.Received $750 cash for services rendered.Purchased office supplies for $180 with check #103.Purchased computer equipment $8,500, paid $1,600 with check #104 and will pay the remainder in 30 days.Received $1,200 cash for services rendered.Paid wages $560, check #105.Petty cash reimbursement office supplies $200, Maintenance Expense $140, Miscellaneous Expense $65. Cash on Hand $93. Check #106.Increased Petty Cash by $100, check #107.

Answered: Prepare a trial balance with the 10…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 3PB: Hajun Company started its business on May 1, 2019. The following transactions occurred during the...

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Prepare a trial balance with the 10 activities listed below:

The owners invested $8,500 from their personal account to the business account.
Paid rent $650 with check #101.
Initiated a petty cash fund $550 check #102.
Received $750 cash for services rendered.
Purchased office supplies for $180 with check #103.
Purchased computer equipment $8,500, paid $1,600 with check #104 and will pay the remainder in 30 days.
Received $1,200 cash for services rendered.
Paid wages $560, check #105.
Petty cash reimbursement office supplies $200, Maintenance Expense $140, Miscellaneous Expense $65. Cash on Hand $93. Check #106.
Increased Petty Cash by $100, check #107.

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Trial balance refers to the statement or workbook in which all the closing balances of ledgers are maintained in the debit and credit column and their totals should be equal.

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