A/C Name Sapphire Gems and Minerals Co Ltd - Opal Division Trial Balance as of December 31, 2022 Trial Balance Cash Accounts receivable Allowance for bad debt Other debtors Merchandise Inventory Store Supplies Prepaid Insurance Prepaid rent Furniture & Equipment Accumulated deprecation-Furniture and equipment Motor Truck Accumulated depreciation- Motor Truck Accounts payable Salary payable Interest payable Unearned Sales revenue Note Payable, long term Capital Withdrawals Sales revenue Sales discount Sales returns and allowances Cost of goods sold Salaries expense Insurance Expense Utilities Expense Rent Expense Depreciation Expense - Furniture and Equipment Depreciation Expense - Motor truck Store Supplies Expense Gain/loss on Disposal of Fixed Asset Bad-Debt Expense Interest Expense DR 4,000,000 4,500,000 6,000,000 1,000,000 5,015,000 1,960,000 8,000,000 2,000,000 56,570 354,000 245,000 9,500,000 7,500,000 700,000 1,960,000 CR 350,000 3,160,000 1,475,712 450,000 600,000 2,800,000 18,000,000 25,954,858 52,790,570 52,790,570
A/C Name Sapphire Gems and Minerals Co Ltd - Opal Division Trial Balance as of December 31, 2022 Trial Balance Cash Accounts receivable Allowance for bad debt Other debtors Merchandise Inventory Store Supplies Prepaid Insurance Prepaid rent Furniture & Equipment Accumulated deprecation-Furniture and equipment Motor Truck Accumulated depreciation- Motor Truck Accounts payable Salary payable Interest payable Unearned Sales revenue Note Payable, long term Capital Withdrawals Sales revenue Sales discount Sales returns and allowances Cost of goods sold Salaries expense Insurance Expense Utilities Expense Rent Expense Depreciation Expense - Furniture and Equipment Depreciation Expense - Motor truck Store Supplies Expense Gain/loss on Disposal of Fixed Asset Bad-Debt Expense Interest Expense DR 4,000,000 4,500,000 6,000,000 1,000,000 5,015,000 1,960,000 8,000,000 2,000,000 56,570 354,000 245,000 9,500,000 7,500,000 700,000 1,960,000 CR 350,000 3,160,000 1,475,712 450,000 600,000 2,800,000 18,000,000 25,954,858 52,790,570 52,790,570
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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