Preparation of Trial Balance
Time Value company provides training on time management. The following are the account balances of the company on September 30, 20xx:
|
Accounts receivables |
1,200 |
Prepaid insurance |
1,400 |
|
|
Cash |
15,000 |
Retained Earnings |
? |
|
|
Buildings |
1,500 |
Revenue from Services |
12,500 |
|
|
Creditors |
2,300 |
Rent Expense |
1,000 |
|
|
Dividends |
750 |
Salaries expense |
1,600 |
|
|
Electricity Expense |
500 |
Share capital |
7,500 |
|
|
Office Equipment |
3,000 |
Telephone Expenses |
1,050 |
Prepare the trial balance.