Trial Bal

Account Debit (Credit) Account Trial Bal Beg ADJ Ending

Loan for $100,000 Interest expense 750 Cash 1,004,084 (6,360) 997,724 Loan amount 100,000
Interest rate 9% Note Payable 2,430 Accounts receivable 250,000 250,000 Interest rate 9%
Number of monthly payments - 36 Cash (3,180) Accounts Payable (20,000) (20,000) Number of monthly payments 36
Note Payable (100,000) 4,878 (95,122) Payment amount 3,180
Interest expense 732 Retained Earnings (434,084) (434,084)
Note Payable 2,448 Sales (700,000) (700,000) Principle
Cash (3,180) Cost of goods sold 0 0 Payment Interest Reduction Principle
Interest expense 0 1,482 1,482 0 100,000
Wages Expense 0 0 1 3,180 750 2,430 97,570
0 0 0 2 3,180 732 2,448 95,122
Net income (700,000) 1,482 (698,518) 3 3,180 713 2,467 92,655
4 3,180 695 2,485 90,170
5 3,180 676 2,504 87,667
6 3,180 657 2,522 85,144
7 3,180 639 2,541 82,603
8 3,180 620 2,560 80,042
9 3,180 600 2,580 77,463
10 3,180 581 2,599 74,864
11 3,180 561 2,618 72,245
12 3,180 542 2,638 69,607
13 3,180 522 2,658 66,949
14 3,180 502 2,678 64,271
15 3,180 482 2,698 61,573
16 3,180 462 2,718 58,855
17 3,180 441 2,739 56,116
18 3,180 421 2,759 53,357
19 3,180 400 2,780 50,578
20 3,180 379 2,801 47,777
21 3,180 358 2,822 44,955
22 3,180 337 2,843 42,112
23 3,180 316 2,864 39,248
24 3,180 294 2,886 36,363
25 3,180 273 2,907 33,455
26 3,180 251 2,929 30,526
27 3,180 229 2,951 27,575
28 3,180 207 2,973 24,602
29 3,180 185 2,995 21,607
30 3,180 162 3,018 18,589
31 3,180 139 3,041 15,548
32 3,180 117 3,063 12,485
33 3,180 94 3,086 9,399
34 3,180 70 3,109 6,289
35 3,180 47 3,133 3,156
36 3,180 24 3,156 0
 Trial Bal
Account Debit (Credit) Account Trial Bal Beg ADJ Ending
Loan for $100,000 Cash 1,004,084 1,004,084 Loan amount 100,000
Interest rate 9% Accounts receivable 250,000 250,000 Interest rate 9%
Number of monthly payments - 36 Accounts Payable (20,000) (20,000) Number of monthly payments 36
Note Payable (100,000) (100,000) Payment amount 3,180
Retained Earnings (434,084) (434,084)
Sales (700,000) (700,000) Principle
Cost of goods sold 0 0 Payment Interest Reduction Principle
Interest expense 0 0 0 100,000
Wages Expense 0 0 1 3,180 750 2,430 97,570
0 0 0 2 3,180 732 2,448 95,122
Net income (700,000) 0 (700,000) 3 3,180 713 2,467 92,655
4 3,180 695 2,485 90,170
5 3,180 676 2,504 87,667
6 3,180 657 2,522 85,144
7 3,180 639 2,541 82,603
8 3,180 620 2,560 80,042
9 3,180 600 2,580 77,463
10 3,180 581 2,599 74,864
11 3,180 561 2,618 72,245
12 3,180 542 2,638 69,607
13 3,180 522 2,658 66,949
14 3,180 502 2,678 64,271
15 3,180 482 2,698 61,573
16 3,180 462 2,718 58,855
17 3,180 441 2,739 56,116
18 3,180 421 2,759 53,357
19 3,180 400 2,780 50,578
20 3,180 379 2,801 47,777
21 3,180 358 2,822 44,955
22 3,180 337 2,843 42,112
23 3,180 316 2,864 39,248
24 3,180 294 2,886 36,363
25 3,180 273 2,907 33,455
26 3,180 251 2,929 30,526
27 3,180 229 2,951 27,575
28 3,180 207 2,973 24,602
29 3,180 185 2,995 21,607
30 3,180 162 3,018 18,589
31 3,180 139 3,041 15,548
32 3,180 117 3,063 12,485
33 3,180 94 3,086 9,399
34 3,180 70 3,109 6,289
35 3,180 47 3,133 3,156
36 3,180 24 3,156 0