Prepare Trial Balance: Nov 1. Reimbursed graham's business automobile expense for 1,000 kilometers at $1.00 per...

Prepare Trial Balance:

Nov 1. Reimbursed graham's business automobile expense for 1,000 kilometers at $1.00 per kilometer

Nov 2. Received $9,300 cash from Elite Corporation for computer services rendered

Nov 5. Purchased $1,920 of computer supplies for cash from Abbott Office Products

Nov 8. Billed Fostek Co. $8,700 for computer services rendered

Nov 13. Notified by Alamo Engineering Co. that Echo's bid of $7,500 for an upcoming project was accepted

Nov 18. Received $3,750 from Decker Company againts the bill dated October 28

Nov 22. Donated $1,500 to the United Way in the company's name

Nove 24. Completed work fr Alamo Engineering Co. and sent a bill for $7,500

Nov 25. Sent another bill to Decker Company for the past due amount of $2,700

Nov 28. Reimbursed Graham's business expense for $1,200 kilometers at $1.00 per kilometer

Nov 30. Paid Carly Smith for 14 days work

Nov 30. Withdrew $3,600 cash from the business for personal use

Expert Solution

The opening trial balance is not provided to which the above entries are to me made for the month of November. Also the amount of wages paid to Carly Smith is not known and has been assumed as 'X'. Hence we have made a trial balance for the transactions which took place only in the month of November and the same can be added to the opening trial balance to get the closing trial balance.

		Asset	Expense	Revenue	Expense	Asset	Expense	Asset	Expense
		Dr+/Cr-	Dr+/Cr-	Cr+/Dr-	Dr+/Cr-	Dr+/Cr-	Dr+/Cr-	Dr+/Cr-	Dr+/Cr-
Date	Particulars	Cash	Automobile expenses	Service income	Computer Supplies	Debtors	Donation	Drawings	Wages
Nov.01		-1000	1000
Nov.02		9300		9300
Nov.05		-1920			1920
Nov.08				8700		8700
Nov.13	no entry. It is an event
Nov.18		3750				-3750
Nov.22		-1500					1500
Nov.24				7500		7500
Nov.25	no entry. Assumed bill was already accounted for and the bill was sent a second time for collection.
Nov.28		-1200	1200
Nov.30	amount not provided Wages Dr. Cash Cr.	X							X
Nov.30		-3600						3600

		3830-X	2200	25500	1920	12450	1500	3600	X

Trial Balance
Sl	Particulars	Debit	Credit
1	Cash	3830-X
2	Automobile Expense	2200
3	Service income		25500
4	Computer Supplies	1920
5	Debtors	12450
6	Donation	1500
7	Drawings	3600
8	Wages	X
		25500	25500

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