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  • Metals Work Enterprise Trial Balance 3-Apr-10 Account Title DR CR

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    Justin Sobrian
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    This trial balance shows the financial position of Metals Work Enterprise as of April 3, 2010. It lists account titles and their debit (Dr) and credit (Cr) balances, with total debits and credits equaling $271,800. Key assets include land and buildings ($68,000), cash in hand ($3,200), and motor vehicles ($36,000), while liabilities comprise bank overdraft ($6,500) and loans ($25,000).

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    Metals_Work_Enterprise

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    This trial balance shows the financial position of Metals Work Enterprise as of April 3, 2010. It lists account titles and their debit (Dr) and credit (Cr) balances, with total debits and credits equaling $271,800. Key assets include land and buildings ($68,000), cash in hand ($3,200), and motor vehicles ($36,000), while liabilities comprise bank overdraft ($6,500) and loans ($25,000).

    Copyright:

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

    Metals Work Enterprise Trial Balance 3-Apr-10 Account Title DR CR

    Uploaded by

    Justin Sobrian
    This trial balance shows the financial position of Metals Work Enterprise as of April 3, 2010. It lists account titles and their debit (Dr) and credit (Cr) balances, with total debits and credits equaling $271,800. Key assets include land and buildings ($68,000), cash in hand ($3,200), and motor vehicles ($36,000), while liabilities comprise bank overdraft ($6,500) and loans ($25,000).

    Copyright:

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

    Metals Work Enterprise

    Trial Balance
    3-Apr-10

    Account Title Dr Cr
    Capital $73,850
    Land and Building $68,000
    Bank Overdraft $6,500
    Cash in Hand $3,200
    Accounts receivable $49,000
    Carriage inwards $1,500
    Carriage outwards $2,700
    Accounts payable $38,250
    Rent Received $10,200
    Motor vehicles $36,000
    Depreciation $12,000
    Purchases Returned $600
    Sales Returned $1,100
    Commisions $1,600
    Loans $25,000
    Sales $105,400
    Purchases $90,000
    Drawings $6,200
    Salaries $12,500
    $271,800 $271,800

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