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Need Help Trial Balance of Following Transactions.
Trans # Description Debit Credit 1 Cash 1200 Common Stock APIC Sold 100 shares of stock par val $10 for $12 ea 1000 200 2 Supplies 100 100 Bought supplies on account 3 Investment 1000 Cash Investment account APR 8% interest 1000 4 Equipment 1200 Cash Residual value $200 and Lifetime 5yr 1200 5 Inventory 200 200 Purchase inventory account $10 ea 6 Cash 1200 Long Term N/P Borrowed with 6% APR 1200 7 Prepaid Rent 135 Rent Expense Rent next 9 Mo 135 8 Prepaid Insun 300 Insurance Expense Preid insurance 15 mo 300 9 Rent Revenu 200 Unearned Revenue 200 10 Cash 50 Misc 50 11 Property Virg 160 160 Cash Bought Property 12 Cash 12 Rent Revenue Collected rent 12 13 Cash 10 Misc 10 14 Property Indi 220 Cash 220 Bought Property Cash Cash 15 Rent Expens 24 24 16 Property Boa 400 400
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