| Create a Balance Sheet from the trial balance: |
| | | Debits | Credits | Classification |
| | Cash | 300,000.00 | | Current asset |
| | Sales | | (10,000,000.00) | Income statement |
| | Cost of Goods Sold | 7,000,000.00 | | Income statement |
| | Selling Expenses | 500,000.00 | | Income statement |
| | Other income | | (50,000.00) | Income statement |
| | Administrative expenses | 350,000.00 | | Income statement |
| | Interest Expenses | 12,500.00 | | Income statement |
| | Land | 300,000.00 | | non-current asset |
| | Building | 2,000,000.00 | | non-current asset |
| | Long Term bond payable | | (550,000.00) | non-current liability |
| | Accrued Liabilities | | (50,000.00) | current- liability |
| | Accumulated Depreciation Buildings | | (250,000.00) | non-current asset |
| | Equipment | 750,000.00 | | non-current asset |
| | Receivables | 100,000.00 | | current asset |
| | Allowance for doubtful accounts | | (7,500.00) | current asset |
| | Accumulated depreciation equipment | | (125,000.00) | non-current asset |
| | Common Stock | | (200,000.00) | equity |
| | Payables | | (115,000.00) | current Liability |
| | Inventories | 200,000.00 | | current asset |
| | Prepaid Expenses | 50,000.00 | | current asset |
| | Retained Earnings | | (215,000.00) | equity |
| | | 11,562,500.00 | (11,562,500.00) |
KISMET781
project_1_task_1_trial_balance.xlsx
