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Social ScienceReceived $12,000 from Katie Long, owner.(a)Purchased equipment for $25,000, paying $10,000 in cash(b)and giving a note payable for the remainder.(c)Paid $1,800 for rent for April(d)Purchased $9,800 of supplies on account.(e)Recorded $2,250 of fees earned on account.()Received $9,000 in cash for fees earned(g)Paid $300 to creditors on account(h) Paid wages of $1,650() Received $1,190 from customers on account.) Recorded owner's withdrawal of $2,350 Katie's CompanyUnadjusted Trial BalanceApril 30, 2017CreditDebitAccountBalancesBalances
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Received $12,000 from Katie Long, owner. (a) Purchased equipment for $25,000, paying $10,000 in cash (b) and giving a note payable for the remainder. (c) Paid $1,800 for rent for April (d) Purchased $9,800 of supplies on account. (e) Recorded $2,250 of fees earned on account. () Received $9,000 in cash for fees earned (g) Paid $300 to creditors on account (h) Paid wages of $1,650 () Received $1,190 from customers on account. ) Recorded owner's withdrawal of $2,350
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Katie's Company Unadjusted Trial Balance April 30, 2017 Credit Debit Account Balances Balances
Expert Answer
A trial balance is prepared at the end of the accounting year. It is prepared to check the accuracy of all the posting made in the t shape accounts. A trial balance is matched when the total of credit and debit side is equal.
Unadjusted trial balance is prepared as follows:
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K's company Unadjusted trial balance April 30, 2017 Account Cash K's capital Accounts receivable Notes payable Equipment Rent Wages Revenues Drawing Accounts payable Supplies Total Credit ($) Debit (S) 6,090 12,000 1,060 15,000 25,000 1,800 1,650 11,250 2,350 9,500 9,800 47,750 47,750
Balance of cash, accounts receivabl...
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Account: Cash Particular Beginning balance K's capital Revenue Accounts receivable Particular Equipment Amount (S) Amount (S) 10,000 1,650 300 1,800 2,350 6,090 22,190 12,000 9,000 1,190 wages Accounts payable Rent Drawing Ending balance 22,190 6,090 Balance b/f Account: Accounts receivable Particular Beginning balance Revenue Amount ($) Amount (S) 1,190 1,060 2,250 Particular Cash Ending balance 0 2,250 2,250 1,060 Balance b/f
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