balancing trial balances

praeya · #1 Mar 10, 2007, 02:55 PM

HI i am trying to balance my trial balance but i cant do it...

the t accounts are:
sales for the year 497,000
purchases made during the year 292,000
sales returnes by customers 14,600
returns to suppliers 8,900

wages 108,000
motoring expenses 3800
heat and light 4600
accountancy 4200
insurance 1800
telephone and fax costs 3400
premises upkeep 5800
new computer equipment 10100
vechicle (company van) 8200
suppliers 247400
drawings 38000
air fares 800

cheques recieved from customers 448000
cheques recieved from sue mason 4500

i keep getting DR - 762300 and CR 958400 what am i doing wrong??

Thanks

user812 · Mar 10, 2007, 02:59 PM

You are putting them in the wrong columns ... are you sure all of your DR and CR are labeled correctly???!!

praeya · Mar 10, 2007, 03:03 PM

yep!! im stuck

steffy · Mar 10, 2007, 03:07 PM

Quote:

Originally Posted by praeya

HI i am trying to balance my trial balance but i cant do it...

the t accounts are:
sales for the year 497,000 CR
purchases made during the year 292,000 DR
sales returnes by customers 14,600 DR
returns to suppliers 8,900 CR

wages 108,000 DR
motoring expenses 3800 DR
heat and light 4600 DR
accountancy 4200 DR
insurance 1800 DR
telephone and fax costs 3400 DR
premises upkeep 5800 DR
new computer equipment 10100 DR
vechicle (company van) 8200 DR
suppliers 247400 DR
drawings 38000 DR
air fares 800 DR

cheques recieved from customers 448000 CR
cheques recieved from sue mason 4500 CR

i keep getting DR - 762300 and CR 958400 what am i doing wrong??

Thanks

i put how they should be re: DR and CR, and totals aren't agreeing too.. but i don't see any debtors or depreciation figures, maybe there is a missing figure..... check that you did not leave something out!!!!



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