How to make financial statements of this trial balance plz help me thank you♥️
Answers
Answer:
How to Make a Trial Balance
First of all, we take all the balances from our ledgers and enter them into our trial balance table. Remember the accounting equation:
DEBIT SIDE
Assets + Expenses + Drawings
CREDIT SIDE
Liabilities + Revenue + Owners Equity
Trial Balance Sheet
Debit Side
Credit Side
Assets
Bank $21,650
Computer $1,500
Car $3,000
iPhone $500
Oven $2000
Liabilities
Loan $9,000
John’s Car Shop $3,000
Accumulated depreciation $400
Add your items here
Add your items here
Expenses
Cake mix $3,000
Interest expense $1,000
Telephone expense $300
Repairs expense $50
Depreciation $400
Revenue
Sales $7,000
Add your items here
Add your items here
Add your items here
Add your items here
Drawings
Drawings $1,000
Owners’ Equity
Owner’s Equity $15,000
Total Balance
Total Balance