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TRIAL BALANCE ACCOUNT NAME ...

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Accounting

TRIAL BALANCE
ACCOUNT NAME DEBIT CREDIT
Cash 105,975.00
Accounts Receivable 18,950.00
Supplies 11,200.00
Prepaid Insurance 8,750.00
Land 60,000.00
Building 170,000.00
Accumulated Depreciation 10,000.00
Accounts Payable 10,575.00
Deferred Revenue 17,250.00
Common Stock 212,500.00
Retained Earnings 90,625.00
Dividends 3,500.00
Service Revenue 99,125.00
Salaries Expense 17,050.00
Depreciation Expense 8,250.00
Utilities Expense 3,650.00
Supplies Expense
Insurance Expense 6,250.00
Rent Expense 22,125.00
Property Tax Expense 4,375.00
440,075.00 440,075.00
Net Income (Loss)

a. The annual insurance policy in the amount of $15,000 was purchased on July 1 and has been adjusted through the end of November.

  1. Supplies remaining on hand at the end of the year equal $2,075.
  2. $14,750 of the deferred revenue has been earned.
  3. Depreciation on the building is $750 for December.

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