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Q3) Prepare a trial balance

Answer should be similar to the picture below

you can write any amount from your own

Suppose a scenario of a new startup. Ali and Rashid started a business and during the month of June, following transactions took place. [Assume any values between 100 to 1000 RO for transaction 2 and onward) June 1: Owners invested cash 20000. June 3: Purchased office supplies cash June 4: Purchase Furniture paying, June 7: Purchase equipment of on account which is payable within next three months. June 11: Paid rent of the office June 12: Paid to a XY media company for advertisement of business. June 14: Sold goods for cash June 15: Sold goods to Saeed and Company on account June 19: Purchased materials on account. June 22: Paid for purchase of equipment June 7. June 24: Purchased raw material paying cash and the rest of the amount on account. June 26: Paid salaries to staff June 28: Paid half-yearly fire insurance to Oman Insurance in advance for 2021. June 29: Received from Saeed and Company client. June 30: Borrowed 10000 form Bank Muscat to invest into company. June 30: Rashid withdrew for personal use. 3) Trial balance Description Debit Credit cash 28080 Furniture a/c 400 Equipment 700 Drawings 50 Prepaid expenses a/c 150 Office supplies a/c 500 capital 20000 accounts payable 600 Bank loan a/c 10000 Revenue a/c 1180 salaries expenses 450 advertisement a/c 350 Purchase a/c 800 Rent expenses 300 31780 31780