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Financial Trial Balance

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Onaderu Oluwagbenga Enoch

This document contains trial balance, income statement, and balance sheet information for a company as of December 31st. It lists various asset, liability, equity, income and expense accounts and their balances. The trial balance totals are equal both with debits and credits of $87,200. The income statement shows revenues of $50,000 and expenses of $21,200, for a net income of $28,800. The balance sheet has total assets of $66,000 and total liabilities and equity of $66,000.

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Financial Trial Balance

Uploaded by

Onaderu Oluwagbenga Enoch
82 views3 pages
This document contains trial balance, income statement, and balance sheet information for a company as of December 31st. It lists various asset, liability, equity, income and expense accounts and their balances. The trial balance totals are equal both with debits and credits of $87,200. The income statement shows revenues of $50,000 and expenses of $21,200, for a net income of $28,800. The balance sheet has total assets of $66,000 and total liabilities and equity of $66,000.

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Financial Trial balance template

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This document contains trial balance, income statement, and balance sheet information for a company as of December 31st. It lists various asset, liability, equity, income and expense accounts and their balances. The trial balance totals are equal both with debits and credits of $87,200. The income statement shows revenues of $50,000 and expenses of $21,200, for a net income of $28,800. The balance sheet has total assets of $66,000 and total liabilities and equity of $66,000.

Copyright:

© All Rights Reserved
Download as PDF, TXT or read online from Scribd
Download as pdf or txt
82 views3 pages

Financial Trial Balance

Uploaded by

Onaderu Oluwagbenga Enoch
This document contains trial balance, income statement, and balance sheet information for a company as of December 31st. It lists various asset, liability, equity, income and expense accounts and their balances. The trial balance totals are equal both with debits and credits of $87,200. The income statement shows revenues of $50,000 and expenses of $21,200, for a net income of $28,800. The balance sheet has total assets of $66,000 and total liabilities and equity of $66,000.

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© All Rights Reserved
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Company Name

December 31, 20--

Accounts TRIAL BALANCE INCOME STATEMENT BALANCE SHEET


DEBIT ($) CREDIT ($) DEBIT ($) CREDIT ($) DEBIT ($) CREDIT ($)

Bank 500.00 500.00


Accounts Receivable 9,000.00 9,000.00
Office Supplies 2,000.00 2,000.00
Office Equipment 12,000.00 12,000.00
Automobile 17,000.00 17,000.00
Professional Library 5,000.00 5,000.00
Accounts Payable 1,500.00 1,500.00
GST Payable 500.00 500.00
GST Recoverable 500.00 500.00
Ying Lo, Capital 35,200.00 35,200.00
Ying Lo, Drawings 20,000.00 20,000.00
Fees Earned 50,000.00 50,000.00
Car Expense 3,000.00 3,000.00
Utilities Expense 200.00 200.00
Miscellaneous Expense 1,000.00 1,000.00
Rent Expense 5,000.00 5,000.00
Salaries Expense 7,000.00 7,000.00
Telephone Expense 5,000.00 5,000.00
87,200.00 87,200.00 21,200.00 50,000.00 66,000.00 37,200.00
28,800.00 0 0 28,800.00
50,000.00 50,000.00 66,000.00 66,000.00

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