Monday, February 25, 2013

Trial Balance

The following are the account of Shehgarlynn Law firm for the first quarter of business operation:

Cash ....................................$1,000
Checking Account................24,150
Supplies.....................................650
Prepaid Rent...........................4,800
Office Furniture......................3,500
Office Equipment...................4,000
Accounts Payable....................1,950
Unearned Revenue...............10,000
Shehgarlynn, Capital.............21,500
Shehgarlynn, Drawing............... 800
Consulting Fees ......................8,900
Rent Expense............................400
Advertising Expense..................200
Supplies Expense ...................2,100
Utilities Expense.......................400
Miscellaneous Expense..............350

Prepare the following:

  1. Trial Balance
  2. Income Statement
  3. Statement of Owner's Equity
  4. Balance Sheet (Report Form)



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