Below is Brandy Eliot Accounting’s adjusted trial balance at the end of its annual accounting period.
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Brandy Eliot Accounting’s |
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|
Trial Balance |
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|
December 31st 2020 |
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|
Debit |
Credit |
|
| Cash | 20,300 | |
| Accounts receivable | 18,475 | |
| Equipment | 30,200 | |
| Office supplies | 8,550 | |
| Accumulated depreciation, equipment | 18,000 | |
| Accounts payable | 6,000 | |
| Brandy Eliot, Capital | 48,000 | |
| Brandy Eliot, Withdrawals, | 11,000 | |
| Depreciation expense, equipment | 3,000 | |
| Service Revenues | 28,950 | |
| Insurance expense | 3,000 | |
| Rent expense | 2,400 | |
| Salaries expense | 2,800 | |
| Telephone & Internet expense | 1,225 | |
| Total | 100,950 | 100,950 |
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