Question

2 You have summarized all your journal entries and posted them to the General Ledger. Using your totals for each of the accounts in the following list, prepare a trial balance at the end of December 2019.

Cash     $3,000

Debtors    $1,000

Inventory    $1,200

Equipment    $5,050

Vehicle    $25,000

Furniture    $5,600

Creditor    $2,200

Loans     $29,150

Capital    $5,000

Sales    $20,000

Purchases    $7,500

Advertising $1,625

Interest Expenses $345

Office Expenses $550

Rent Expense $800

Salaries $3,500

Telephone Expenses $500

Utilities Expenses $680

Answer 1

Trial Balance
Accounts					Debits	Credits
Cash					3,000
Debtors					1,000
inventory					1,200
Equipment					5,050
Vechicle					25,000
Furniture					5,600
Creditor						2,200
loans						29,150
Capital						5,000
Sales						20,000
Purchases					7,500
Advertising					1,625
interest expenses					345
office expenses					550
Rent expense					800
Salaries					3,500
Telephone expense					500
Utilities expense					680
Total					56,350	56350