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Nonamiya [84]
1 year ago
6

Lanetterisbelle

Mathematics
1 answer:
Ierofanga [76]1 year ago
5 0

Each transaction has been an analyzed in the trial balance below by showing its effects on the accounting equation-specifically, identifying the accounts and amounts.

<h3>How to prepare a Trial Balance?</h3>

The Journal Entries are:

Cash                                                                                 6500

Photography equipment                                                33500

                  Capital                                                                       40000

Prepaid Insurance                                                           2100

                   Cash                                                                         2100

Office Supplies                                                                  880

                  Cash                                                                          880

Cash                                                                                   3331

           Revenue                                                                          3331

Utilities Expense                                                                 675

           Cash                                                                                 675

Cash account = 6500 - 2100 - 880 + 3331 - 675

Cash Account = 6176

                                                     Trial Balance

                                                                              Debit                         Credit

Cash                                                                       6176

Prepaid Insurance                                                  2100

Supplies                                                                   880

Revenue                                                                                                      3331

Utilities Expense                                                      675

Capital                                                                                                       40000

Photography Equipment                                         33500

Total                                                                         43331                       43331

Read more about Trial Balance at; brainly.com/question/24914390

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