Trial Balance Woody Shore Company 31-Aug-14 Debit Credit Cash $75,725 Capital $8

Question

Trial Balance Woody Shore Company

31-Aug-14

                               Debit               Credit

Cash                     $75,725

Capital                                           $87,000

Equipment             $15,000

Insurance Expenses $3,600

Supplies                     $800

Rent                        $2,800

Accounts Payable                              $500

Notes Payable                                 $11,550

Accounts Receivable $4,500

Service Revenue                              $10,300

Salaries Expense      $4,000

Owner's Withdrawals $2,100

Automobile Expense     $825

                             $109,350            $109,350

Please create Balance sheet from this Trail Balance. I tried to create columns, debit and credit.

Explanation / Answer

                                     TRADING AND PROFIT AND LOSS A/C

                 BALANCE SHEET

To Supplies 800 By Service Revenue 10300 To Salaries 4000 To Rent 2800 To Insurance Expense 3600 To Automobile expense 825 By Loss 1725 12025 12025

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