Question

Trial balance examples

Answer 1

[AI-generated answer — Bot GPT 3.5]

Here are examples of trial balances:

Example 1:
| Account | Debit ($) | Credit ($) |
|-------------------|-----------|------------|
| Cash | 5000 | |
| Accounts Receivable| 2000 | |
| Inventory | 3000 | |
| Equipment | 10000 | |
| Accounts Payable | | 6000 |
| Capital | | 15000 |
| Revenue | | 8000 |
| Rent Expense | 1000 | |
| Insurance Expense | 500 | |
| Supplies Expense | 200 | |
| Utilities Expense | 300 | |
| Total | 15500 | 15500 |

Example 2:
| Account | Debit ($) | Credit ($) |
|-------------------|-----------|------------|
| Cash | 8000 | |
| Accounts Receivable| 3000 | |
| Inventory | 4000 | |
| Land | 20000 | |
| Accounts Payable | | 5000 |
| Notes Payable | | 10000 |
| Capital | | 15000 |
| Revenue | | 10000 |
| Salaries Expense | 1500 | |
| Advertising Expense| 500 | |
| Utilities Expense | 300 | |
| Total | 21500 | 21500 |