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2
2. The following accounts are taken from the ledger of Bukhary Enterprise on December 31, 2019.
Accounts Payable 9,000 Accounts Receivable 3,000 Cash 8,800 Equipment 17,000
Share Capital-Ordinary 20,000 Dividends 1,200 Service Revenue 8,000 Salaries and Wages Expense 6,000 Utilities Expense 1,000
Prepare a trial balance in proper form for Bukhary enterprise on December 31, 2019.
Expert Solution
Preparation of trial balance for Bukhary enterprise on December 31, 2019, is as follows:
| Bukhary Enterprise |
| Trial Balance |
| December 31, 2019 |
| Particulars | Debit | Credit |
| Accounts Payable | 9,000 | |
| Accounts Receivable | 3,000 | |
| Cash | 8,800 | |
| Equipment | 17,000 | |
| Share Capital-Ordinary | 20,000 | |
| Dividends | 1,200 | |
| Service Revenue | 8,000 | |
| Salaries and Wages Expenses | 6,000 | |
| Utilities Expenses | 1,000 | |
| Total | 37,000 | 37,000 |
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