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  • West Club Ltd.

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    Elena Mici
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    The document appears to be a trial balance showing the opening balances, transactions during the period, and closing balances of various accounts for a company. Specifically: 1) It shows the opening balances for cash, accounts receivable, prepaid rent, supplies, equipment, trucks, accounts payable, common stock, and retained earnings totaling £30,350 in debits and £30,350 in credits. 2) It then lists various transactions that occurred which debit and credit accounts like cash, accounts receivable, retained earnings, supplies, equipment, salaries, utilities, and accounts payable. 3) The totals are balanced with £10,250 in debits and £9,650 in credits.

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    The document appears to be a trial balance showing the opening balances, transactions during the period, and closing balances of various accounts for a company. Specifically: 1) It shows the opening balances for cash, accounts receivable, prepaid rent, supplies, equipment, trucks, accounts payable, common stock, and retained earnings totaling £30,350 in debits and £30,350 in credits. 2) It then lists various transactions that occurred which debit and credit accounts like cash, accounts receivable, retained earnings, supplies, equipment, salaries, utilities, and accounts payable. 3) The totals are balanced with £10,250 in debits and £9,650 in credits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    18 views5 pages

    West Club Ltd.

    Uploaded by

    Elena Mici
    The document appears to be a trial balance showing the opening balances, transactions during the period, and closing balances of various accounts for a company. Specifically: 1) It shows the opening balances for cash, accounts receivable, prepaid rent, supplies, equipment, trucks, accounts payable, common stock, and retained earnings totaling £30,350 in debits and £30,350 in credits. 2) It then lists various transactions that occurred which debit and credit accounts like cash, accounts receivable, retained earnings, supplies, equipment, salaries, utilities, and accounts payable. 3) The totals are balanced with £10,250 in debits and £9,650 in credits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 5

    Account Debit Credit

    £ £
    Cash 5,000
    Account Receivables 2,000
    Prepaid rent (for 3 months) 1,500
    Supplies 850
    Equipment 6,000
    Trucks 15,000
    Account payable 2,500
    Common stock 20,000
    Retained Earnings 7,850
    30,350 30,350
    Account Debit Credit
    £ £
    Cash 4,500
    Service Revenue 4,500

    Account Payables 500


    Cash 500

    Account Receivables 5,200


    Retained Earning 5,200

    Supplies 650
    Cash 650

    Cash 6,000
    Account receivables 6,000

    Equipment 850
    Cash 850

    Salaries 2,700
    Cash 2,700

    Utilities 280
    Cash 280

    Miscellaneous Expenses 350


    Cash 350

    Retained Earning 550


    Cash 550

    Rent 500
    Cash 500
    CASH SERVICE REVENUE
    DEBIT CREDIT DEBIT CREDIT
    4,500 4,500
    500
    650 4,500
    6,000
    850
    2,700 Retained earnings
    280 DEBIT CREDIT
    350 550
    500 5,200
    550 550 5,200
    10,500 6380 4,650
    4,120

    Supplies RENT
    DEBIT CREDIT DEBIT CREDIT
    650 500
    650 500

    SALARIES UTILITIES
    DEBIT CREDIT DEBIT CREDIT
    2,700 280
    2,700 280
    ACCOUNT PAYABLE
    DEBIT CREDIT
    500
    500

    ACCOUNT RECEIVABLES
    DEBIT CREDIT
    5,200
    6,000

    5,200 6,000
    800

    EQUIPMENT
    DEBIT CREDIT
    850
    850

    MISCELLANEOUS EXPENSES
    DEBIT CREDIT
    350
    350
    Unadjusted TB Adjusted TB Closing balance
    ACCOUNT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
    £ £ £ £ £ £
    Cash 5,000 4,120 9,120
    Account Receivables 2000 800 2800
    Rent 1,500 500 2,000
    Supplies 850 650 1500
    Equipment 6,000 850 6,850
    Truck 15,000 15,000
    Salaries 2,700 2,700
    Utilities 280 280
    Miscellaneous expenses 350 350
    Account Payable 2,500 500 3,000
    Common Stock 20,000 20,000
    Retained Earning 7,850 4,650 12,500
    Service Revenue 4,500 4,500

    TOTAL 30,350 30,350 10,250 9650 40,600 40,000

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