1 year ago

Lanetterisbelle

1 answer:

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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