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  • Financial Trial Balance

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    Onaderu Oluwagbenga Enoch
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    This document contains trial balance, income statement, and balance sheet information for a company as of December 31st. It lists various asset, liability, equity, income and expense accounts and their balances. The trial balance totals are equal both with debits and credits of $87,200. The income statement shows revenues of $50,000 and expenses of $21,200, for a net income of $28,800. The balance sheet has total assets of $66,000 and total liabilities and equity of $66,000.

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    Financial Trial balance template

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    This document contains trial balance, income statement, and balance sheet information for a company as of December 31st. It lists various asset, liability, equity, income and expense accounts and their balances. The trial balance totals are equal both with debits and credits of $87,200. The income statement shows revenues of $50,000 and expenses of $21,200, for a net income of $28,800. The balance sheet has total assets of $66,000 and total liabilities and equity of $66,000.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    38 views3 pages

    Financial Trial Balance

    Uploaded by

    Onaderu Oluwagbenga Enoch
    This document contains trial balance, income statement, and balance sheet information for a company as of December 31st. It lists various asset, liability, equity, income and expense accounts and their balances. The trial balance totals are equal both with debits and credits of $87,200. The income statement shows revenues of $50,000 and expenses of $21,200, for a net income of $28,800. The balance sheet has total assets of $66,000 and total liabilities and equity of $66,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 3

    Company Name

    December 31, 20--

    Accounts TRIAL BALANCE INCOME STATEMENT BALANCE SHEET


    DEBIT ($) CREDIT ($) DEBIT ($) CREDIT ($) DEBIT ($) CREDIT ($)

    Bank 500.00 500.00


    Accounts Receivable 9,000.00 9,000.00
    Office Supplies 2,000.00 2,000.00
    Office Equipment 12,000.00 12,000.00
    Automobile 17,000.00 17,000.00
    Professional Library 5,000.00 5,000.00
    Accounts Payable 1,500.00 1,500.00
    GST Payable 500.00 500.00
    GST Recoverable 500.00 500.00
    Ying Lo, Capital 35,200.00 35,200.00
    Ying Lo, Drawings 20,000.00 20,000.00
    Fees Earned 50,000.00 50,000.00
    Car Expense 3,000.00 3,000.00
    Utilities Expense 200.00 200.00
    Miscellaneous Expense 1,000.00 1,000.00
    Rent Expense 5,000.00 5,000.00
    Salaries Expense 7,000.00 7,000.00
    Telephone Expense 5,000.00 5,000.00
    87,200.00 87,200.00 21,200.00 50,000.00 66,000.00 37,200.00
    28,800.00 0 0 28,800.00
    50,000.00 50,000.00 66,000.00 66,000.00

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