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    Financialcc6e P2-3A

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    kjass001
    This document contains a trial balance for Byte Repair Service, Inc. as of January 31, 2008. It lists account titles and balances for Cash, Accounts Receivable, Parts Inventory, Prepaid Rent, Shop Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Repair Services Revenue, Advertising Expense, Miscellaneous Expense, Repair Parts Expense, and Wage Expense. It also includes transaction details that impact the account balances.

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    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd

    Financialcc6e P2-3A

    Uploaded by

    kjass001
    114 views4 pages
    This document contains a trial balance for Byte Repair Service, Inc. as of January 31, 2008. It lists account titles and balances for Cash, Accounts Receivable, Parts Inventory, Prepaid Rent, Shop Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Repair Services Revenue, Advertising Expense, Miscellaneous Expense, Repair Parts Expense, and Wage Expense. It also includes transaction details that impact the account balances.

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    financialcc6e_P2-3A

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    This document contains a trial balance for Byte Repair Service, Inc. as of January 31, 2008. It lists account titles and balances for Cash, Accounts Receivable, Parts Inventory, Prepaid Rent, Shop Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Repair Services Revenue, Advertising Expense, Miscellaneous Expense, Repair Parts Expense, and Wage Expense. It also includes transaction details that impact the account balances.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    114 views4 pages

    Financialcc6e P2-3A

    Uploaded by

    kjass001
    This document contains a trial balance for Byte Repair Service, Inc. as of January 31, 2008. It lists account titles and balances for Cash, Accounts Receivable, Parts Inventory, Prepaid Rent, Shop Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Repair Services Revenue, Advertising Expense, Miscellaneous Expense, Repair Parts Expense, and Wage Expense. It also includes transaction details that impact the account balances.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 4

    Kapil D.

    Jassal
    ACC557
    10.10.2011
    (a) (c)
    Balance

    4)
    7)

    Balance
    7)

    Balance
    2)

    Balance

    Balance

    5)

    Cash
    8,000
    1)
    3)
    14,000
    5)
    6,000
    8)
    9)
    4,000
    Accounts Receivable
    15,000
    4)
    9,000
    10,000
    Parts Inventory
    13,000
    4,000
    6)
    13,000

    1,000
    2,000
    15,000
    3,000
    3,000
    9)

    14,000

    1)

    4,000
    3)

    Prepaid Rent
    3,000
    3,000

    6)

    Shop Equipment
    21,000
    21,000

    8)

    Accounts Payable
    Balance
    2)
    15,000

    19,000
    4,000

    8,000
    (b)
    Trans.
    1

    Account Titles and Explanation


    Advertising Expense
    Cash

    Debit
    1,000

    Parts Inventory
    Accounts Payable

    4,000

    Miscellaneous Expense
    Cash

    2,000

    Cash
    Accounts Receivable

    14,000

    Accounts Payable
    Cash

    15,000

    Repair Parts Expense


    Parts Inventory

    4,000

    Cash
    Accounts Receivable
    Repair Services Revenue

    6,000
    9,000

    Wage Expense
    Cash

    3,000

    Dividends
    Cash

    3,000

    1,000

    4,000

    2,000

    14,000

    15,000

    4,000

    15,000

    3,000

    3,000

    (d)
    BYTE REPAIR SERVICE, INC.
    Trial Balance
    31-Jan-08

    Cash
    Accounts Receivable
    Parts Inventory

    Credit

    Debit
    $4,000
    10,000
    13,000

    Credit

    Prepaid Rent
    Shop Equipment
    Accounts Payable
    Common Stock
    Retained Earnings
    Dividends
    Repair Services Revenue
    Advertising Expense
    Miscellaneous Expense
    Repair Parts Expense
    Wage Expense

    3,000
    21,000
    $8,000
    30,000
    11,000
    3,000
    15,000
    1,000
    2,000
    4,000
    3,000
    $64,000

    $64,000

    Common Stock
    Balance

    Retained Earnings
    Balance

    30,000
    30,000

    11,000
    11,000

    Dividends
    3,000
    3,000
    Repair Services Revenue
    7)

    Advertising Expense
    1,000
    1,000
    Miscellaneous Expense
    2,000
    2,000
    Repair Parts Expense
    4,000
    4,000
    Wage Expense
    3,000
    3,000

    15,000
    15,000

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