hi! I need trial balance for below details please Dec. 1 - Mr. John Miller deposited $100,000 as initial investment to his newly open business, Miller Repair Shop dec. 3 John bought supplies, $10,000 on account dec. 5 A piece of land personally owned by John was transferred to the business for the use of its operation. The land was acquired 2 years ago with a cost of $50,000. The market value as of this date is $75,000. dec.7 50% of the account on December 3 was paid. dec.8 An equipment was acquired for $40,000. 25% downpayment was made and a promissory note was issued for the balance dec.9 The customers were billed for services rendered, $5,000 dec.10 $7,500 was received from cash customers. dec.11 Some customers billed on December 9 issued promissory notes in payment of their accounts for a total of $3,000 dec.12 Utilities expense were paid, $1,500 dec. 14 Insurance premium was paid, $4,500 dec.15 Salaries of employees were paid, $3,200 dec. 16 John withdrew cash, $2,000 for personal use dec.17 Furnitures and Fixtures were acquired, $15,000. $5,000 down payment was made and the balance on account dec. 18 $1,000 worth of interest on the note was paid dec. 20 Collected $1,000 from the customers on account. dec. 22 $12,500 was received from cash customers dec. 26 Miscellaneous expenses were paid, $1,200 dec. 28 Salaries of employees were paid, $3,200 dec. 31 Depreciation expense was recorded for equipment $1,250. Depreciation expense was recorded for furnitures and fixtures, $750. $4,500 worth of supplies were used.
hi! I need
Dec. 1 -
Mr. John Miller deposited $100,000 as initial investment to his newly open business, Miller Repair Shop
dec. 3
John bought supplies, $10,000 on account
dec. 5
A piece of land personally owned by John was transferred to the business for the use of its operation. The land was acquired 2 years ago with a cost of $50,000. The market value as of this date is $75,000.
dec.7
50% of the account on December 3 was paid.
dec.8
An equipment was acquired for $40,000. 25% downpayment was made and a promissory note was issued for the balance
dec.9
The customers were billed for services rendered, $5,000
dec.10
$7,500 was received from cash customers.
dec.11
Some customers billed on December 9 issued promissory notes in payment of their accounts for a total of $3,000
dec.12
Utilities expense were paid, $1,500
dec. 14
Insurance premium was paid, $4,500
dec.15
Salaries of employees were paid, $3,200
dec. 16
John withdrew cash, $2,000 for personal use
dec.17
Furnitures and Fixtures were acquired, $15,000. $5,000 down payment was made and the balance on account
dec. 18
$1,000 worth of interest on the note was paid
dec. 20
Collected $1,000 from the customers on account.
dec. 22
$12,500 was received from cash customers
dec. 26
Miscellaneous expenses were paid, $1,200
dec. 28
Salaries of employees were paid, $3,200
dec. 31
Depreciation expense was recorded for furnitures and fixtures, $750.
$4,500 worth of supplies were used.
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