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Agribusiness Advertising Agency

The document is a trial balance for Agribusiness Advertising Agency for the period ended October 31, 2020. It shows various asset, liability, capital and revenue accounts. Adjustments were made to some of the account balances. The adjusted trial balance totals to $30,190 in debits and $30,190 in credits.

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Sherwin Hila Gammad
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63 views4 pages

Agribusiness Advertising Agency

The document is a trial balance for Agribusiness Advertising Agency for the period ended October 31, 2020. It shows various asset, liability, capital and revenue accounts. Adjustments were made to some of the account balances. The adjusted trial balance totals to $30,190 in debits and $30,190 in credits.

Uploaded by

Sherwin Hila Gammad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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AGRIBUSINESS ADVERTISING AGENCY

Trial Balance
31-Oct-20
Debit
Cash 15,200
Advertising Supplies 2,500
Prepaid Insurance 600
Office Equipment 5,000
Accounts Payable
Notes Payable
Unearned Revenue
SH. Gammad, Capital
SH. Gammad, Drawing 500
Service Revenue
Salaries Expense 4,000
Rent Expense 900
28,700
TISING AGENCY

ce

Credit

2,500
5,000
1,200
10,000

10,000

28700
For the period (month/year) ended Unadjusted Adjustments Adjusted Trial
October 31, 2019 Trial Balance Balance
Debit Credit Debit Credit Debit
Cash 15,200 15,200
Accounts Receivable 200 200
Advertising Supplies 2,500 1,500 1,000
Prepaid Insurance 600 50 550
Office Equipment 5,000 5,000
Accumulated Dep – Off. Equipment 40
Accounts Payable 2,500
Salaries Payable 1,200
Interest Payable 50
Notes Payable 5,000
Unearned Revenue 1,200 400
SH. Gammad, Capital 10,000
SH. Gammad, Drawing 500 500
Income Summary
Service Revenue 10,000 600
Advertising Supplies Expense 1,500 1,500
Depreciation Expense 40 40
Insurance Expense 50 50
Salaries Expense 4,000 1,200 5,200
Rent Expense 900 900
Interest Expense 50 50

Net Income

28,700 28,700 3,440 3,440 30,190


Adjusted Trial Statement of Statement of
Balance Income Financial Position
Credit Debit Credit Debit Credit
15,200
200
1,000
550
5,000
40 40
2,500 2,500
1,200 1,200
50 50
5,000 5,000
800 800
10,000 10,000
500
2,860
10,600 10,600
1,500
40
50
5,200
900
50
7,740 10,600
2,860 2,860

30,190 10,600 10,600 22,450 22,450

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