Create a Trial Balance The owner, Mike Derby,invests $35,000 in cash in starting a realestate office operating as a sole proprietorship. Purchased $400 of office supplies on credi Purchased office equipment for $8,000,paying $2,000 in cash and signed a 30-day, $6,000, note payabl Real estate commissions billed to clients amount to $4,000. Paid $700 in cash for the current month's Paid $200 cash on account for office supplies purchased in transaction 2. Received a bill for $600 for advertising for the current m Paid $2,200 cash for office salari Derby withdrew $1,200 from the business for living expenses. Received a check for $3,000 from a client in payment on account for commissions billed in transaction

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Create a Trial Balance

  1. The owner, Mike Derby,invests $35,000 in cash in starting a realestate office operating as a sole proprietorship.
  2. Purchased $400 of office supplies on credi
  3. Purchased office equipment for $8,000,paying $2,000 in cash and signed a 30-day, $6,000, note payabl
  4. Real estate commissions billed to clients amount to $4,000.
  5. Paid $700 in cash for the current month's
  6. Paid $200 cash on account for office supplies purchased in transaction 2.
  7. Received a bill for $600 for advertising for the current m
  8. Paid $2,200 cash for office salari
  9. Derby withdrew $1,200 from the business for living expenses.
  10. Received a check for $3,000 from a client in payment on account for commissions billed in transaction
Date
Date
Date
Date
Date
Date
Particulars
1 To Capital
10 To Accounts Receivables
Particulars
To balance c/d
Particulars
5 To Cash
Particulars
8 To Cash
Particulars
9 To Cash
Particulars
2 To Accounts Payable
Cash
Amount ($)
35000
3000
38000
Date
Capital
Amount ($) Date
35000
35000
Rent Expense
Amount ($) Date
700
700
Salaries Expenses
Amount ($) Date
2200
2200
Drawings
Amount ($) Date
1200
1200
Office Supplies
Amount ($) Date
400
400
Particulars
3 By Office Equipment
5 By Rent Expense
6 By Accounts Payable
8 By Salaries Expenses
9 By Drawings
By balance c/d
Particulars
1 By Cash
Particulars
By balance c/d
Particulars
By balance c/d
Particulars
By balance c/d
Particulars
By balance c/d
Amount ($)
2000
700
200
2200
1200
31700
38000
Amount ($)
35000
35000
Amount ($)
700
700
Amount ($)
2200
2200
Amount ($)
1200
1200
Amount ($)
400
400
Transcribed Image Text:Date Date Date Date Date Date Particulars 1 To Capital 10 To Accounts Receivables Particulars To balance c/d Particulars 5 To Cash Particulars 8 To Cash Particulars 9 To Cash Particulars 2 To Accounts Payable Cash Amount ($) 35000 3000 38000 Date Capital Amount ($) Date 35000 35000 Rent Expense Amount ($) Date 700 700 Salaries Expenses Amount ($) Date 2200 2200 Drawings Amount ($) Date 1200 1200 Office Supplies Amount ($) Date 400 400 Particulars 3 By Office Equipment 5 By Rent Expense 6 By Accounts Payable 8 By Salaries Expenses 9 By Drawings By balance c/d Particulars 1 By Cash Particulars By balance c/d Particulars By balance c/d Particulars By balance c/d Particulars By balance c/d Amount ($) 2000 700 200 2200 1200 31700 38000 Amount ($) 35000 35000 Amount ($) 700 700 Amount ($) 2200 2200 Amount ($) 1200 1200 Amount ($) 400 400
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