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  • Accounting Sample 2023

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    Jimros Cabig
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    This trial balance on January 31, 2017 for ABC-Machine Shop shows assets of $1,033,000 including cash, inventory, accounts receivable, and equipment. Liabilities are $985,000 including accounts payable, accrued salaries, notes payable and capital. It also shows income and expenses for the period which balance to the total assets.

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    Accounting Sample 2023

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    ACCOUNTING SAMPLE 2023

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    This trial balance on January 31, 2017 for ABC-Machine Shop shows assets of $1,033,000 including cash, inventory, accounts receivable, and equipment. Liabilities are $985,000 including accounts payable, accrued salaries, notes payable and capital. It also shows income and expenses for the period which balance to the total assets.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views2 pages

    Accounting Sample 2023

    Uploaded by

    Jimros Cabig
    This trial balance on January 31, 2017 for ABC-Machine Shop shows assets of $1,033,000 including cash, inventory, accounts receivable, and equipment. Liabilities are $985,000 including accounts payable, accrued salaries, notes payable and capital. It also shows income and expenses for the period which balance to the total assets.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    ABC-MACHINE SHOP

    TRIAL BALANCE
    JANUARY 31, 2017

    CASH 550,000.00
    PREPAID RENT 50,000.00
    PREPAID SUPPLIES 30,000.00
    INVENTORY 25,000.00
    ACCOUNT RECEIVABLE 173,000.00
    EST. UNCOLLECTABLE ACCNTS. 80,000.00
    LAND 15,000.00
    NOTES RECEIVABLE 40,000.00
    EQUIPMENT 180,000.00
    EQUIPMENT DEPRECIATION 40,000.00
    ACCOUNTS PAYABLE 200,000.00
    ACCRUED SALARIES EXP. 150,000.00
    NOTES PAYABLE 135,000.00

    RENT EXP. 50,000.00


    LOAD ALLOWANCES EXP. 10,000.00
    TAXES & LICENSES 20,000.00
    ABC- CAPITAL 500,000.00
    ABC- DRAWING 331,000.00
    SERVICE INCOME 300,000.00
    UNCOLLECTBLE ACCNTS. EXP. 18,000.00
    DEPRECIATION EXP. 5,000.00
    SALARIES EXP. 50,000.00
    SUPPLIES EXP. 18,000.00
    943,000.00

    943,000.00

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