Question

Prepare a full trial balance from the account balances and information provided.

Answer 1

Bailey Delivery Company
Trial Balance
Particulars	Debit	Credit
Cash [(18000 x 9) - 5000 - 2800]	$154,200
Land [ 18000 - 4500 ]	$13,500
Trucks [ 12000 + 2800 ]	$14,800
Notes Receivable	$4,500
Note Payable		$18,000
Long-Term Note Payable (12000 - 5000)		$7,000
Common Stock (18000 x 1)		$18,000
Paid-In Capital in excess of Par Value [ 18000 x (9 -1) ]		$144,000
Total	$187,000	$187,000

 

All the transactional calculations have been provided alongside the account name in the Trial Balance.

Trial Balance total: $187,000