Making trial balance for month ended


Q1) Record following transactions in general journal.

3/1/07

Invested $20,000 in cash and $5,000 of equipment in the business

3/5/07

Purchased equipment on account, $1,200

3/7/07

Purchased supplies on account, $500

3/10/07

Purchased supplies with cash, $1,000

3/13/07

Received cash for services provided to clients, $2,500

3/15/07

Paid rent, $850

3/20/07

Billed clients for services performed, $850

3/25/07

Paid for equipment purchased on 3/5/07

3/28/07

Received payment for services performed on 3/20/07

3/31/07

Withdrew cash for personal use, $3,000

Make the trial balance for month ended March 31, 2007.

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Accounting Basics: Making trial balance for month ended
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