Performance Task #8 Preparation of Trial Balance

Prepare the December 31, 2020 trial balance of Covi Repair Shop. These are the accounts used with
their corresponding account balances. Follow the steps in preparing the trial balance as discussed in
Module 8. (35pts.)

Rent Expense Ᵽ1,000

Covi, Capital 25,200

Service Income 5,900

Accounts Receivable 1,200

Repair Supplies 1,500

Repair Tools 1,200

Utility Expense 150

Advertising Expense 250

Salaries and Wages 900

Service Truck 20,000

Furniture and Fixtures 6,500

Notes Payable 3,250

Covi, Drawings 750

Cash 900

Covi Repair Shop

Trial Balance
December 31, 2020
Debit Credit

110 Cash 900

120 Accounts Receivable 1,200

130 Repair Tools 1,200

140 Repair Supplies 1,500

150 Furniture and Fixtures 6,500

160 Service Truck 20,000

220 Notes Payable 3,250

310 Covi, Capital 25,200

320 Covi, Drawings 750

410 Service Income 5,900

510 Advertising Expense 250

520 Salaries and Wages 900

530 Utility Expense 150

540 Rent Expense 1,000

TOTAL 34,350 34,350