Bonnie’s Batting Cages and Softball Services

BALANCE SHEET
July 31, 2020

Assets Liabilities
Bank -$ 33,000- Accounts Payable
Accounts Receivable - Cannon Sports -$ 10,000-
- Infield Flyers 1,000 - Ewert Equipment 22,000
- Remdal Red Sox 500 - Sandhu Sporting Goods 500
Supplies 7,500 Bank Loan 25,000
Equipment 50,000 Total Liabilities -$ 57,500-
Owner’s Equity
B. Birch, Capital ($ 34,500)
Total Assets -$ 92,000- Total liabilities and Owner’s Equity -$ 92,000-

These are the beginning balances for your T-Accounts!

 ASSETS LIABILITIES OWNER'S EQUITY

Bank
ob 33,000 1,500 3 A/P - Cannon Sports B. Birch, Capital Membership Fees / revenue
1 40,000 2,000 4 10,000 ob 34,500 ob 900 12
2 15,000 800 6 43,000 5 40,000 1 2,200 13
8 250 250 15 53,000 74,500 400 17
10 800 2,200 16 3,500
14 40,200 350 18
17 400 1,000 19
129,650 8,100
121,550
A/P - Ewert Equipment Cash Sales / Revenue
18 350 22,000 ob B. Birch, Drawings 40,200 14
12,000 7 19 1,000 40,200
A/R - Remdal Red
A/R - Infield Flyers
Sox 350 9 1,000
ob 1,000 800 10 ob 500 250 8 350 34,350
12 900 13 2,200 34,000
1,900 800 2,700 250
A/P - Sandhu Sporting
1,100 2,450 Goods
500 ob Bank Charges Expense Repair Expense
7,800 11 15 250 9 350
Supplies Equipment 8,300 250 350
ob 7,500 ob 50,000
4 2,000 5 43,000
11 7,800 7 12,000 Bank Loan
17,300 105,000 25,000 ob
15,000 2 Heating Expense Wages Expense
40,000 6 800 16 2,200
800 2,200

Debits = $253,500 Credits = $253,500

253,500 253,500
Rent Expense
3 1,500
1,500
 Bonnie’s Batting Cages and Softball Services
Trial Balance
August 31,2020
Account Debit Credit
Bank $121,550
A/R - Infield Flyers 1100
A/R - Remdal Red Sox 2450
Supplies 17300
Equipment 105000
A/P - Cannon Sports $53,000
A/P - Ewert Equipment 34000
A/P - Sandhu Sporting Goods 8300
Bank Loan 40000
B. Birch, Capital 74500
B. Birch, Drawings 1000
Membership Fees 3500
Cash Sales 40200
Bank Charges Expense 250
Heating Expense 800
Rent Expense 1500
Repair Expense 350
Wages Expense 2200
Totoals $253,500 $253,500