Prepare Balance Sheet Noor started her business on June 1, 2020.NoorTrial BalanceAugust 31, 2020SL Particulars1 CashDebitCredit55,6002SuppliesPrepaid Insurance16,300316,0004Land22,0005Cottages5,0006.Furniture26,0007Account Payable16,500Unearned Rent9 Mortgage Payable10 Capital810,40010,00070,00011Drawing5,00012 Rent Revenue13 Repair Expense57,0003,60014Salaries Expense5,00015 Utility Expense9,400ТОTAL163.900163,900

Balance sheet presents assets and liabilities of a business in a systematic way to better present…

Noor started her business on June 1, 2020. Noor Trial Balance August 31, 2020 Debit SL Particulars Credit Cash 55,600 2 Supplies Prepaid Insurance 16,300 3 16,000 4 Land 22,000 5 Cottages 5,000 Furniture 26,000 Account Payable 16,500 8 Uneamed Rent Mortgage Payable Сapital Drawing 10,400 9. 10,000 10 70,000 11 5,000 12 Rent Revenue 57,000 13 Repair Expense Salaries Expense 3,600 14 5,000 15 Utility Expense 9,400 ТОTAL 163.900 163.900 67

Noor started her business on June 1, 2020. Noor Trial Balance August 31, 2020 Debit SL Particulars Credit Cash 55,600 2 Supplies Prepaid Insurance 16,300 3 16,000 4 Land 22,000 5 Cottages 5,000 Furniture 26,000 Account Payable 16,500 8 Uneamed Rent Mortgage Payable Сapital Drawing 10,400 9. 10,000 10 70,000 11 5,000 12 Rent Revenue 57,000 13 Repair Expense Salaries Expense 3,600 14 5,000 15 Utility Expense 9,400 ТОTAL 163.900 163.900 67

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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