Prepare a trial balance using the journal entries in Exercise 8.3. The owners invested $10,000 from their personal account to the business account. Paid rent $500 with check #101. Initiated a petty cash fund $500 with check #102. Received $1,000 cash for services rendered. Purchased office supplies for $158 with check #103. Purchased computer equipment $2,500, paid $1,350 with check #104, and will pay the remainder in 30 days. Received $800 cash for services rendered. Paid wages $600, check #105. Petty cash reimbursement: office supplies $256, maintenance expense $108, postage expense $77, miscellaneous expense $55. Cash on hand $11. Check #106. Increased petty cash by $30, check #107.
Prepare a
The owners invested $10,000 from their personal account to the business account.
Paid rent $500 with check #101.
Initiated a petty cash fund $500 with check #102.
Received $1,000 cash for services rendered.
Purchased office supplies for $158 with check #103.
Purchased computer equipment $2,500, paid $1,350 with check #104, and will pay the remainder in 30 days.
Received $800 cash for services rendered.
Paid wages $600, check #105.
Petty cash reimbursement: office supplies $256, maintenance expense $108, postage expense $77, miscellaneous expense $55. Cash on hand $11. Check #106.
Increased petty cash by $30, check #107.
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