From the given ledgers, provide its Trial Balance CashSuppliesAccounts receivableRoa,capitalAccounts250,000payableVideorental 105,000 CashincomeAccounts67,000Balancec/d85,00067,000payable77,000Videorentalincome| 67,000Balancec/d78,000 Cash65,00067,00028,00077,000 Roa,withdrawalAccounts105,000|105,00047,000receivableRentVideo tape41,500expenseUtilities235.000 Balance 235,000c/dSalaries expenselAccounts17,500payableеxpenseBalanceBalancecldCash 65,00065,000149,000235,000235,000c/d| 405,000| 405,00065,00065,000Accounts payableВоа, саpitalRent expenseCash 85,000 Supplies 67,000Balance 217,000c/dVideo 235,000tapesBalance250,000 Cash 250,000Balancec/dCash 41,500c/d41,500|302,000302,000250,000250,00041,50041,500Video rental incomeRoa, withdrawalBalance 183,000 Cashc/dUtilities expense78,000BalanceCash 47,000c/d47,000AccountsBalance105,000Cash 17,500c/d17,500receivable47,00047,000183,000183,00017,50017,500

Name: From the given ledgers, provide its Trial Balance CashSuppliesAccounts
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Description: From the given ledgers, provide its Trial Balance CashSuppliesAccounts receivableRoa,capitalAccounts250,000payableVideorental 105,000 CashincomeAccounts67,000Balancec/d85,00067,000payable77,000Videorentalincome| 67,000Balancec/d78,000 Cash65,00067,00

A trial balance is a bookkeeping worksheet in which all ledger balances are summarized into equal…

Business

Accounting

Cash Supplies Accounts receivable Roa, capital 250,000 Accounts payable Accounts Balance 67,000 c/d Video 85,000 67,000 rental 105,000 Cash 77,000 income рayable Video rental income Balance c/d 78,000 Cash 65,000 67,000 67,000 28,000 Roa. withdrawal Accounts | 105,000 | 105,000 77,000 47,000 receivable Video tape Rent expense 41,500 Accounts 235,000 Balance 235,000 payable Salaries expensel Utilities 17,500 c/d еxpense Balance cld Balance Cash 65,000 65,000 149,000 235,000 235,000 c/d | 405,000 | 405,000 65,000 | 65,000 Accounts payable Roa, capital Cash 85,000 Supplies 67,000 Video 217,000 tapes 302,000 Rent expense Balance Balance 250,000 Cash 250,000 235,000 Balance Cash 41,500 c/d c/d cld 41,500 302,000 250,000 250,000 41,500 41,500 Video rental income Roa, withdrawal Balance 183,000 Cash c/d Utilities expense 78,000 Balance Cash 47,000 c/d 47,000 Accounts Balance 105,000 Cash 17,500 c/d 17,500 receivable 47,000 47,000 183,000 183,000 |17,500 17,500

Cash Supplies Accounts receivable Roa, capital 250,000 Accounts payable Accounts Balance 67,000 c/d Video 85,000 67,000 rental 105,000 Cash 77,000 income рayable Video rental income Balance c/d 78,000 Cash 65,000 67,000 67,000 28,000 Roa. withdrawal Accounts | 105,000 | 105,000 77,000 47,000 receivable Video tape Rent expense 41,500 Accounts 235,000 Balance 235,000 payable Salaries expensel Utilities 17,500 c/d еxpense Balance cld Balance Cash 65,000 65,000 149,000 235,000 235,000 c/d | 405,000 | 405,000 65,000 | 65,000 Accounts payable Roa, capital Cash 85,000 Supplies 67,000 Video 217,000 tapes 302,000 Rent expense Balance Balance 250,000 Cash 250,000 235,000 Balance Cash 41,500 c/d c/d cld 41,500 302,000 250,000 250,000 41,500 41,500 Video rental income Roa, withdrawal Balance 183,000 Cash c/d Utilities expense 78,000 Balance Cash 47,000 c/d 47,000 Accounts Balance 105,000 Cash 17,500 c/d 17,500 receivable 47,000 47,000 183,000 183,000 |17,500 17,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

Topic Video

Question

From the given ledgers, provide its Trial Balance

Cash
Supplies
Accounts receivable
Roa,
capital
Accounts
250,000
payable
Video
rental 105,000 Cash
income
Accounts
67,000
Balance
c/d
85,000
67,000
payable
77,000
Video
rental
income
| 67,000
Balance
c/d
78,000 Cash
65,000
67,000
28,000
77,000 Roa,
withdrawal
Accounts
105,000
|105,000
47,000
receivable
Rent
Video tape
41,500
expense
Utilities
235.000 Balance 235,000
c/d
Salaries expensel
Accounts
17,500
payable
еxpense
Balance
Balance
cld
Cash 65,000
65,000
149,000
235,000
235,000
c/d
| 405,000
| 405,000
65,000
65,000
Accounts payable
Воа, саpital
Rent expense
Cash 85,000 Supplies 67,000
Balance 217,000
c/d
Video 235,000
tapes
Balance
250,000 Cash 250,000
Balance
c/d
Cash 41,500
c/d
41,500
|302,000
302,000
250,000
250,000
41,500
41,500
Video rental income
Roa, withdrawal
Balance 183,000 Cash
c/d
Utilities expense
78,000
Balance
Cash 47,000
c/d
47,000
Accounts
Balance
105,000
Cash 17,500
c/d
17,500
receivable
47,000
47,000
183,000
183,000
17,500
17,500

Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.

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