Produce a Trial Balance (in the corrert order) using the following account balan

Question

Produce a Trial Balance (in the corrert order) using the following account balances. All balances are the normal balance of the account.

All account descriptions must be exactly as they appear above. Expenses should be in alphabetical order. Do not include punctuation in numerical answers. All boxes must be completed - enter "0" (zero) where there is no other answer.

Accounts Payable 20,000 Accounts Receivable 10,000 Accumulated Depreciation 25,000 Bad Debt Expense 10,000 Bank Loan - Non current 25,000 Cash at Bank 30,000 Depreciation 20,000 Equipment 65,000 Insurance Expense 5,000 Owners Capital 30,000 Owners Drawings 5,000 Prepaid Rent 8,000 Rent Expense 40,000 Supplies Expense 5,000 Supplies on Hand 2,000 Subscriptions Revenue 100,000

Explanation / Answer

Trial balance :

debit Credit Cash at bank 30000 Accounts Receivable 10000 Supplies on Hand 2000 Prepaid rent 8000 Equipment 65000 Accumulated Depreciation 25000 Accounts Payable 20000 Bank loan-Non current 25000 Owners Capital 30000 Owners Drawings 5000 Subscriptions Revenue 100000 Bad Debt Expense 10000 Depreciation 20000 Insurance Expense 5000 Rent expense 40000 Supplies Expense 5000 Total 200000 200000

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