Answer:
Debits of trial balance = Credits of trial balance.
Explanation:
1. Dr Cash 12500
Cr Capital 12500
2.Dr Office supplies 363
Cr Cash 363
3.Dr Office equipment 6913
Cr Accounts payable 6913
4. Dr Cash 1475
Cr Service revenue 1475
5. Dr Accounts payable 6913
Cr Cash 6913
6. Dr Account receivable 2650
Cr Service revenue 2650
7. Dr Rent expense 520
Cr Cash 520
8. Dr Cash 1113
Cr Account receivable 1113
9.a) Dr Retained Earning 1100
Cr Dividend payable 1100
b) Dr Dividend payable 1100
Cr Cash 1100
Ledgers:
Cash=12500-363+1475-6913-520+1113-1100= Dr 6192
Office Supplies = Dr 363
Office equipment = Dr 6913
Capital = Cr 12500
Accounts payable = 6913-6913=0
Service revenue = 1475+2650= Cr 4125
Rent expense = Dr 520
Account receivable = 2650-1113= Dr 1537
Retained earning = Dr 1100
Dividend payable =1100-1100=0
Trial Balance
_Dr________________________________________Cr_____
6192 cash ----- 12500 Capital
363 Office supplies ----- 4125 Service revenue
6913 Office equipment -----
520 Rent expense ------
1537 Account receivable
1100 Retained earning
Total = 16625 ------ Total = 16625
