Trial Balance Sample as topic in financial management

TRIAL BALANCE SAMPLE

1. SMARTLISTCOMPANY
TrialBalance
December31,2020
Debit Credit
Cash 7,000
PrepaidInsurance 6,000
Equipment P88,000
AccountsReceivable 4,000
AccountsPayable 22,000
SalariesandWagesPayable 2,000
NotesPayable(duein3mos.) 19,000
Owner’sCapital P20,000
Owner’sDrawings 8,000
ServiceRevenue 95,000
SalariesandWagesExpense 42,000
UtilityExpense 3,000
P158,000 P158,000