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-   -   How to complete the trial balance? (https://www.askmehelpdesk.com/showthread.php?t=517886)

  • Oct 18, 2010, 10:37 AM
    rahulmadnani
    How to complete the trial balance?
    This information relates to Matthews Real Estate Agency Corporation.

    Oct. 1 Stockholders invested $25,000 in exchange for common stock of the corporation.
    Oct. 2 Hires an administrative assistant at an annual salary of $42,000.
    Oct. 3 Buys office furniture for $3,600, on account.
    Oct. 6 Sells a house and lot for M.E. Mills; commissions due from Mills, $10,800 (not paid by Mills at this time).
    Oct. 10 Receives cash of $140 as commission for acting as rental agent renting an apartment.
    Oct. 27 Pays $700 on account for the office furniture purchased on October 3.
    Oct. 30 Pays the administrative assistant $3,500 in salary for October.
    Post the transactions to T-accounts and complete the following trial balance.
  • Oct 18, 2010, 11:34 AM
    pready

    This is a duplicate post. Stop posting the same thing.

    You need to journalize your transactions and prepare a trial balance.

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