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    Trial Balance

    Uploaded by

    Ronnie Lloyd Javier
    This trial balance document lists accounts and their balances for De Mesa including current assets, current liabilities, equity, income and expenses. It shows total debits of $951,650 equal to total credits of $951,650. The net income per the income statement is $70,030. Key accounts include accounts receivable of $43,700, cash of $7,890, inventory of $69,350, accounts payable of $16,950, sales of $731,000 and expenses such as purchases, salaries and advertising.

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    © All Rights Reserved
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    Trial Balance

    Uploaded by

    Ronnie Lloyd Javier
    417 views4 pages
    This trial balance document lists accounts and their balances for De Mesa including current assets, current liabilities, equity, income and expenses. It shows total debits of $951,650 equal to total credits of $951,650. The net income per the income statement is $70,030. Key accounts include accounts receivable of $43,700, cash of $7,890, inventory of $69,350, accounts payable of $16,950, sales of $731,000 and expenses such as purchases, salaries and advertising.

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    Trial Balance.xlsx

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    This trial balance document lists accounts and their balances for De Mesa including current assets, current liabilities, equity, income and expenses. It shows total debits of $951,650 equal to total credits of $951,650. The net income per the income statement is $70,030. Key accounts include accounts receivable of $43,700, cash of $7,890, inventory of $69,350, accounts payable of $16,950, sales of $731,000 and expenses such as purchases, salaries and advertising.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    417 views4 pages

    Trial Balance

    Uploaded by

    Ronnie Lloyd Javier
    This trial balance document lists accounts and their balances for De Mesa including current assets, current liabilities, equity, income and expenses. It shows total debits of $951,650 equal to total credits of $951,650. The net income per the income statement is $70,030. Key accounts include accounts receivable of $43,700, cash of $7,890, inventory of $69,350, accounts payable of $16,950, sales of $731,000 and expenses such as purchases, salaries and advertising.

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    TRIAL BALANCE

    Accounts Receivable Current Asset 43,700


    Cash Current Asset 7,890
    Prepaid Rent Current Asset 10,000
    Supplies on Hand Current Asset 2,500
    Allowance for Bad Debts Current Asset Contra Asset 2,000
    Accounts Payable Current Liability 16,950
    Interest Payable Current Liability 1,100
    Notes Payable Current Liability 39,000
    Salaries Payable Current Liability 2,840
    Unearned Revenues Current Liability 13,800
    De Mesa, Capital Equity 101,120
    De Mesa, Withdrawal Equity 9,000
    Purchase Discounts Income Statement - Credit 1,990
    Purchase Return and Allowances Income Statement - Credit 3,400
    Sales Income Statement - Credit 731,000
    Interest Expenses Income Statement - Debit 5,400
    Inventory, 1-1-2016 Income Statement - Debit 69,350
    Purchases Income Statement - Debit 364,000
    Rent Expenses Income Statement - Debit 10,000
    Salaries Expenses Income Statement - Debit 116,700
    Sales Discount Income Statement - Debit 10,400
    Sales Return and Allowances Income Statement - Debit 18,030
    Supplies Expenses Income Statement - Debit 5,100
    Advertising Expenses Income Statement - Expense 132,900
    Office Equipment Non-Current Asset 58,680
    Store Equipment Non-Current Asset 88,000
    Accumulated Depreciation - Office Equipment Non-Current Contra Asset 22,450
    Accumulated Depreciation - Store Equipment Non-Current Contra Asset 16,000
    TOTAL

    Notes
    Inventory 12-31-2016 Income Statement - Credit 65,520
    Debit Credit
    43,700
    7,890
    10,000
    2,500
    2,000
    16,950
    1,100
    39,000
    2,840
    13,800
    101,120
    9,000
    1,990
    3,400
    731,000
    5,400
    69,350
    364,000
    10,000
    116,700
    10,400
    18,030
    5,100
    132,900
    58,680
    88,000
    22,450
    16,000
    951650 951650
    Trial Balance Income Statement
    Account Debit Credit Debit
    Cash 7,890
    Accounts receivable 43,700
    Allowance for bad debts 2,000
    Merchandise Inventory 69,350 69,350
    Supplies 2,500
    Prepaid rent 10,000
    Office Equipment 58,680
    Accumulated Depreciation - Office Equipment 22,450
    Store Equipment 88,000
    Accumulated Depreciation - Store Equipment 16,000
    Accounts Payable 16,950
    Interest Payable 1,100
    Salaries Payable 2,840
    Notes Payable 39,000
    Unearned Revenues 13,800
    De Mesa, Capital 101,120
    De Mesa, Withdrawals 9,000
    Sales 731,000
    Sales Discount 10,400 10,400
    Sales Return and Allowances 18,030 18,030
    Purchases 364,000 364,000
    Purchase Discount 1,990
    Purchase Return and Allowances 3,400
    Advertising Expenses 132,900 132,900
    Interest Expenses 5,400 5,400
    Rent Expenses 10,000 10,000
    Salaries Expenses 116,700 116,700
    Supplies Expenses 5,100 5,100
    Totals 951,650 951,650 731,880
    Net Income 70,030
    Totals 801,910
    Income Statement Balance Sheet
    Credit Debit Credit
    7,890
    43,700
    2,000
    65,520 65,520
    2,500
    10,000
    58,680
    22,450
    88,000
    16,000
    16,950
    1,100
    2,840
    39,000
    13,800
    101,120
    9,000
    731,000

    1,990
    3,400

    801,910 285,290 215,260


    70,030
    801,910 285,290 285,290

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