Help. I need to answer the following question. i have tried and tried but when i fill our the Trial Balance it just doesnt seem to balance?

8. Calculate the Capital Balance and prepare a Trial Balance in chart of accounts order from the figures given:

Advertising $3,200
Capital $
Cash at Bank $9,850
Accounts Payable $7,000
Accounts Receivable $12,250
Drawings $27,500
Electricity and Telephone $1,500
Furniture and Fittings $4,600
Interest Income $1,200
Motor Vehicle Expenses $3,200
Motor Vehicles $32,000
Rent $12,000
Service Revenue $97,500
Stationary and Postage $1,030
Wages $42,400
GST Collected $14,750
GST Paid $9,530

You try and do it.
The whole idea is for you to calculate the Capital Account.
Then the Trial Balance will balance.
HAVE A GO !!

You try and do it.
The whole idea is for you to calculate the Capital Account.
Then the Trial Balance will balance.
HAVE A GO !!

But how do i work out the Capital?

The difference between the total assets and
the total liabilities will give you the Capital figure.

The difference between the total assets and
the total liabilities will give you the Capital figure.
ok so should i do a balance sheet listing all the Assets and the Liabilities then that should give me the Capital?

123rogue123,

YES, that is the whole idea.

rolcam