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2

Accounting Dec 01, 2020

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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