Question

In: Accounting

prepare a trial balance in good form

The following accounts are taken from the ledger of chillin company at December 31,2014

200 Notes payable R$20,000                            101 Cash          R$6,000

311 Share capital - ordinary 25,000                  126  Supplies      5,000

157 Equipment - 76,000                                    729  Rent Expense  2,000

332 Dividends - 8,000                    212  Salaries & Wages payable 3,000

726 Salaries & Wages Expense -  38,000          201  Accounts Payable 9,000

400 Service Revenue - 86,000                          112  Accounts Receivable 8,000

Solutions

Expert Solution

Chillin Company
Trial Balance
December 31,2014
Particulars Acct.No Debit$ Credit$
Cash  101              6,000  
Accounts Receivable 112              8,000  
Supplies 126              5,000  
Equipment 157            76,000  
Notes Payable 200              20,000
Accounts Payable 201                9,000
Dividends 332              8,000  
Service Revenue 400              86,000
Share Capital - Ordinary 311              25,000
Salaries & Wages payable 212                3,000
Rent Expense 729              2,000  
Salaries & Wages Expense  726            38,000  
Total          1,43,000        1,43,000

Trail balance debit total $1,43,000

Trail balance credit total $1,43,000

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