How to Make an Adjusted Trial Balance?

how to make trial balance

1. Sold stock 55000 2. Rented a building for a year, paid rent in advance 8400 3. Purchased Supplies 750 4. Purchased 50 basic heaters for inventory at a unit cost of $244 and 20 advanced heaters at a cost of $508 on account, terms 2/10, n/30 5. Returned one basic heater that was. show more 1. Sold stock 55000

2. Rented a building for a year, paid rent in advance 8400

3. Purchased Supplies 750

4. Purchased 50 basic heaters for inventory at a unit cost of $244 and 20 advanced heaters at a cost of $508 on account, terms 2/10, n/30

5. Returned one basic heater that was defective

6. Paid for heater purchased in event 4.

7. Sold and installed 40 heaters (30 basic and 10 advanced) for a total of 15000 cash and 8000 on account.

8. Paid installers' salaries 7200

9. Sold a year worth of services for a period ending 7/31/09 for cash 48000

10. Collected cash from customers on account 6000

11. Paid advertising cost for the past year 1750

12. Paid a dividend to stockholders 2750

13. Inventory of the supply room showed $250

14. Recognized rent expense for the year

15. Recognized services earned for the year

any help would be great! points will be rewarded too!

Update: #1 I currently have cash DL 55000, CL Common Stock 55000 #2 Prepaid Rent DL 8400, CL cash 8400 #3 Office Supplies expense DL 750, CL office supplies 750 #4 accounts payable CL 752, Inventory 752 DL #5 Accounts payable DL 4.88, Inventory 4.88 CL #6 accounts payable DL 597.7, CL Cash 597.7 & CL Discount 149.42 #7. show more #1 I currently have cash DL 55000, CL Common Stock 55000

#2 Prepaid Rent DL 8400, CL cash 8400

#3 Office Supplies expense DL 750, CL office supplies 750

#4 accounts payable CL 752, Inventory 752 DL

#5 Accounts payable DL 4.88, Inventory 4.88 CL

#6 accounts payable DL 597.7, CL Cash 597.7 & CL Discount 149.42

#9 Cash DL 48000, Unearned Revenue 48000 CL

#10 Cash DL 6000, Account Receivable CL 6000

Source: answers.yahoo.com

Category: Forex

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