Australian Ag Supplies has given you the following random list of accounts and b

Question

Australian Ag Supplies has given you the following random list of accounts and balances for the year ended 30 june 2017 which is their first year of trading. Drench &Fertiliser; Sales Salaries Expense Cash at Bank Accounts Payable Accounts ReceMable Postage and Printing Expenses Furniture and Computers 58,000 25,000 18,000 22,000 28,000 3,000 16,000 The owner, A.Grazier had started the business with an equity injection of $10,000. To ensure the integrity of the data you are required to produce a trial balance (in the correct order- expenses are to be in alphabetical order). Complete the following trial balance A selection must be made from every drop down menu and an amount entered into each box. If you believe a cell does not have a number entered in it, you will need to 0 (zero) Numbers should be expressed as they appear in the above table. Australian Ag Supplies Trial Balance 30 2017 Account Title Debit Credit Cash At Bank Accounts Recelvable Furniture and Computers A Grazier, Capital Postage and Printing Expense Drench and Fertliser Sales Postage and Pmting Epense ? Total

Explanation / Answer

TRIAL BALANCE PARTICULARS AMOUNT (DR.) AMOUNT (CR.) CASH AT BANK 18000 ACCOUNTS RECEIVABLE 28000 ACCOUNTS PAYABLE 22000 FURNITURE AND COMPUTERS 16000 POSTAGE AND PRINTING 3000 SALARY EXPENSES 25000 CAPITAL A/C 10000 SALES A/C 58000 TOTAL 90000 90000

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