Question: Hello can you help me answer these 2 questions. The table below contains the account balances of Elegant Exteriors.The book keeper is trying to establish
Hello can you help me answer these 2 questions.
The table below contains the account balances of Elegant Exteriors.The book keeper is trying to establish the balance of debits and credits for the trial balance and needs your help.
REQUIRED:
1.Indicate in the table whether the account balance is a debit (DR) or a credit (CR)DO NOT ENTER NUMBERS IN THE Dr/Cr COLUMN
Name of Account Account Balance Dr/Cr
Phone expense $1,320
Prepaid Insurance $3,080
Rent Received $5,236
Service Revenue $146,960
Wages expense $19,800
Accounts Payable $15,400
Accounts Receivable $15,180
Accumulated Depreciation $9,240
Capital - Sole Trader $44,000
Cash $79,134
Depreciation Expense $4,620
Drawings - Sole Trader $3,300
Electricity expense $990
Equipment $14,300
Interest Received $528
Loan payable $11,000
Motor Vehicle $83,600
Office Furniture $7,040
2.Complete the balance of Debits and Credit of the trial balance.DO NOT USE $ DOLLAR SIGN, COMMAS OR SPACES IN YOUR ANSWER, NUMBERS ONLY
Total Debits = $ Total Credits = $
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