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  • T Accounts

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    Anya Daniella
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    The document appears to be a trial balance for Angel Luca Salon as of July 31, 2020. It lists assets like cash, supplies, furniture and fixtures, and equipment totaling $351,000. Liabilities include accounts payable of $20,000 and owner's equity of $130,000 belonging to Luca. Expenses such as salaries, rent, and utilities during the period total $39,000 while service revenue was $90,000. The trial balance balances at $400,000.

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    Original Title

    T-ACCOUNTS

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    The document appears to be a trial balance for Angel Luca Salon as of July 31, 2020. It lists assets like cash, supplies, furniture and fixtures, and equipment totaling $351,000. Liabilities include accounts payable of $20,000 and owner's equity of $130,000 belonging to Luca. Expenses such as salaries, rent, and utilities during the period total $39,000 while service revenue was $90,000. The trial balance balances at $400,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    25 views5 pages

    T Accounts

    Uploaded by

    Anya Daniella
    The document appears to be a trial balance for Angel Luca Salon as of July 31, 2020. It lists assets like cash, supplies, furniture and fixtures, and equipment totaling $351,000. Liabilities include accounts payable of $20,000 and owner's equity of $130,000 belonging to Luca. Expenses such as salaries, rent, and utilities during the period total $39,000 while service revenue was $90,000. The trial balance balances at $400,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    Points

    Cash Supplies
    1 200,000 10,000 2. 5. 40,000
    6 30,000 40,000 5. 40,000
    60,000 9,000 7.
    20,000 8.
    20,000 9.
    10,000
    290,000 109,000
    181,000

    26 5 7 2

    Luca, Withdrawal Service Revenue


    11 10,000
    ` 10,000

    11 2

    37
    Angel Lucas Salon

    Assets
    Supplies Furniture & Fixtures Equipment
    30,000 3. 100,000
    30,000 100,000

    2 2

    ervice Revenue Salaries Expense Rent Expense


    30,000 6 8 20,000 2. 10,000
    60,000 10 20,000 10,000
    90,000

    3 2 2
    Liability Owner's Equity
    Equipment Accounts Payable Luca, Capital
    8 20,000 100,000 3. 200,000 1
    30,000 4. 200,000

    20,000 130,000
    110,000

    2 4 2

    Expense Utilities Expense


    7 9,000
    9,000

    2
    Angel Luca Salon
    Trial Balance
    July 31, 2020

    Cash P 181,000
    Supplies 40,000
    Furniture and Fixtures 30,000
    Equipment 100,000
    Accounts Payable P
    Luca, Capital
    Luca, Withdrawal 10,000
    Service Revenues
    Salaries Expene 20,000
    Rent Expense 10,000
    Utilities Expense 9,000
    P 400,000 P
    110,000
    200,000

    90,000

    400,000

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