Question: Need help to prepare a trial balance using these amounts. At the end of the period, XYZ com has the following balances: Cash K550, 000
Need help to prepare a trial balance using these amounts.
At the end of the period, XYZ com has the following balances:
Cash K550, 000 Accounts Receivable K117, 000 Inventory K84, 000 Prepaid Expenses K4, 800 Equipment K245, 000 Depreciation K49, 000 Accounts Payable K125, 000 Loans Payable K361, 300 Net Profit K465, 500
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
