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1) The document appears to be a trial balance for a plumbing business that shows debit and credit transactions throughout April. 2) It records cash payments and receipts, expenses, revenues, assets, liabilities, capital contributions, and withdrawals. 3) The trial balance at the bottom shows that total debits equal total credits, ensuring the accounting equation balances.

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hoelypups
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90 views

Untitled

1) The document appears to be a trial balance for a plumbing business that shows debit and credit transactions throughout April. 2) It records cash payments and receipts, expenses, revenues, assets, liabilities, capital contributions, and withdrawals. 3) The trial balance at the bottom shows that total debits equal total credits, ensuring the accounting equation balances.

Uploaded by

hoelypups
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Date Particulars Debit Credit

1-Apr Cash 67,000


Omotoy,Capital 67,000

2 Service Vehicle 81,000


Cash 17,500
Note Payable 63,500

3 Rent Expense 7,150


Cash 7,150

6 Plumbing Supplies 15,700


Accounts Payable 15,700

7 Prepaid Advertising 6,000


Cash 6,000

8 Cash 18,350
Plumbing Revenues 18,350

9 Plumbing Supplies 8,050


Cash 8050

11 Salaries Expense 11,600


Cash 11,600

15 Accounts Receivable 42,200


Plumbing Revenue 42,000

16 Accounts Payable 5,700


Cash 5,700

19 Miscellaneous expenses 4,300


Cash 4,300

20 Cash 21,000
Accounts Receivable 21,000

21 Omotoy, Withdrawals 14,500


Cash 14,500

22 Salaries Expense 14,100


Cash 14,100

24 Note Payable 3,850


Cash 3,850
25 Telephone Expense 1,250
Cash 1250

27 Accounts Receivable 14,150


Plumbing Revenue 14,150

Cash
Debit Credit
67,000 17,500
18,350 7,150
21000 6,000
8,050
11,600
5,700
4,300
14,500
14,100
3,850
1,250
106,350 94,000
12,350
Omotoy, Capital
Debit Credit
67,000

Salaries Expense
Debit Credit
11,600
14100
25,700

Trial balance
Debit Credit
Cash 12350
Accounts Receivable 35350
Plumbing Supplies 23750
Prepaid Advertising 6000
Service Vehicle 81000
Rent Expense 7150
Salaries Expense 25700
Miscellaneous expense 4300
Telephone Expense 1250
Omotoy Withdrawals 14500
Omotoy, Capital 67000
Note Payable 59650
Accounts Payable 10000
Plumbing Revenues 74700
211350 211350
Accounts Receivable Plumbing Supplies
Debit Credit Debit Credit Debit
42,200 21000 15,700 6,000
14150 8,050
56,350 21000 23,750
35,350

Note Payable Rent expense


Debit Credit Debit Credit Debit
3850 63,500 7150 5,700
59,650

Miscellaneous expense Omotoy Withdrawals


Debit Credit Debit credit Debit
4,300 14500 1250
Prepaid Advertising Service Vehicle
Credit Debit Credit
81,000

Accounts Payable Plumbing Revenues


Credit Debit Credit
15,700 18,350
10,000 42,200
14150
74,700

Telephone Expense
Credit

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