AC1420: Week 2 Adjusted Trial Balance

acc1420_week_2_exercise_1.xlsx

2.1 Template

TRIAL BALANCE
	Category (Current/Non-current Asset/Liability/ Income Statement, Equity)	Debit (+)	Credit (-)
Cash	current asset	$7,500
Finished goods	current asset	$1,000
Receivables	current asset	$500
Machinery and Equipment	non current asset	$3,000
Building	non current asset	$5,000
Common Stock	equity		$11,500
Bank Loans	non current liability		$4,000
Accounts Payable	liability		$500
Sale of Goods Produced	income satement	$3,000
Cost of Goods Sold	income satement	$1,500
Depreciation	income satement		$5,000
Interest Expense	current liability		$500
		21,500.00	21,500.00