BE 185
Prepare a trial balance from the ledger accounts of Attica Company as of January 31, 2014.
Accounts Payable$ 500Rent Expense$ 500
Accounts Receivable2,000Service Revenue5,000
Cash3,000Supplies200
Share Capital-Ordinary2,200Salaries and Wages Expense1,000
Dividends1,000
BE 186
Prepare a corrected trial balance for Luzon Company. All accounts should have a normal balance.
LUZON COMPANY
Trial Balance
March 31, 2014
Debit Credit
Cash€ 40,000
Accounts Receivable€30,000
Prepaid Insurance 2,500
Equipment 60,000
Accounts Payable25,000
Unearned Service Revenue 10,000
Notes Payable20,000
Share Capital-Ordinary54,000
Dividends 1,500
Service Revenue55,000
Salaries and Wages Expense15,000
Utilities Expense 5,000
Rent Expense 10,000
€142,500€185,500