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  • Stokes Driving School March 19 - Trial Balance

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    Sam Kim
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    This 3 sentence summary provides the high level information from the Stokes driving School trial balance document for December 31, 2019. The trial balance shows the school's assets including cash, accounts receivable, supplies, automobiles, furniture and a building. It also lists the school's liabilities such as accounts payable and loans. Finally, it outlines the school's equity, revenues and expenses for the period.

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    Copy of Stokes Driving School March 19 - Trial Balance

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    This 3 sentence summary provides the high level information from the Stokes driving School trial balance document for December 31, 2019. The trial balance shows the school's assets including cash, accounts receivable, supplies, automobiles, furniture and a building. It also lists the school's liabilities such as accounts payable and loans. Finally, it outlines the school's equity, revenues and expenses for the period.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    97 views1 page

    Stokes Driving School March 19 - Trial Balance

    Uploaded by

    Sam Kim
    This 3 sentence summary provides the high level information from the Stokes driving School trial balance document for December 31, 2019. The trial balance shows the school's assets including cash, accounts receivable, supplies, automobiles, furniture and a building. It also lists the school's liabilities such as accounts payable and loans. Finally, it outlines the school's equity, revenues and expenses for the period.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Stokes driving School

    Trial Balance
    December, 31 2019
    Accounts Debits Credits
    Bank $8,940
    Accounts Receivable
    - L Star 600
    - J. Tait 400
    Cleaning Supplies 700
    Office Supplies 2400
    Automobiles 80,000
    Accumulated amortization Automobile $63,200
    Furniture 60,000
    Accumulated amortization Furniture 6,000
    Building 200,000
    Accumulated amortization Building 7,920
    Accounts Payable
    - Acme Cleaners 1,100
    - Joans Auto 600
    Bank Loan 89,250
    Mortgage 185,300
    R. Stokes, Capital 22,600
    R. Stokes, Drawings 1,000
    Driving Class Revenue 70,400
    Private lesson Revenue 18,700
    Amortization Expense 25,720
    Automobile Expense 20,450
    Cleaning Supplies Expense 2,700
    Office Supplies Expense 5,600
    Wage Expense 46,000
    Utilities Expense 10,560
    Totals $465,070 $465,070

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