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    M K Resto and Cafe - Trial Balance

    Uploaded by

    MarieJoia
    This trial balance shows the accounts and balances for M&K Resto and Cafe as of March 31, 2020. It includes current assets such as cash, accounts receivable, and inventory. Fixed assets include office equipment and vehicles, along with their accumulated depreciation. Current liabilities include accounts payable and accrued expenses. Revenue accounts include fees earned and sales. Expense accounts include cost of goods sold, salaries, supplies, rent, and depreciation. The trial balance totals are equal, indicating the accuracy of the accounting records.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    M K Resto and Cafe - Trial Balance

    Uploaded by

    MarieJoia
    199 views1 page
    This trial balance shows the accounts and balances for M&K Resto and Cafe as of March 31, 2020. It includes current assets such as cash, accounts receivable, and inventory. Fixed assets include office equipment and vehicles, along with their accumulated depreciation. Current liabilities include accounts payable and accrued expenses. Revenue accounts include fees earned and sales. Expense accounts include cost of goods sold, salaries, supplies, rent, and depreciation. The trial balance totals are equal, indicating the accuracy of the accounting records.

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    M_K_Resto_and_Cafe_-_Trial_Balance

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    This trial balance shows the accounts and balances for M&K Resto and Cafe as of March 31, 2020. It includes current assets such as cash, accounts receivable, and inventory. Fixed assets include office equipment and vehicles, along with their accumulated depreciation. Current liabilities include accounts payable and accrued expenses. Revenue accounts include fees earned and sales. Expense accounts include cost of goods sold, salaries, supplies, rent, and depreciation. The trial balance totals are equal, indicating the accuracy of the accounting records.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    199 views1 page

    M K Resto and Cafe - Trial Balance

    Uploaded by

    MarieJoia
    This trial balance shows the accounts and balances for M&K Resto and Cafe as of March 31, 2020. It includes current assets such as cash, accounts receivable, and inventory. Fixed assets include office equipment and vehicles, along with their accumulated depreciation. Current liabilities include accounts payable and accrued expenses. Revenue accounts include fees earned and sales. Expense accounts include cost of goods sold, salaries, supplies, rent, and depreciation. The trial balance totals are equal, indicating the accuracy of the accounting records.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Trial Balance

    M&K Resto and Cafe


    As at 31 March 2020
    ACCOUNT CODE ACCOUNT ACCOUNT TYPE DEBIT CREDIT

    1011 Cash Bank 888,611.60


    1012 Accounts Receivable Current Asset 32,860.80
    1013 Merchandise Inventory Current Asset 55,250.00
    1014 Maintenance Supplies Current Asset 492,126.78
    1015 Office Supplies Current Asset 3,294.64
    1016 Office Equipment Fixed Asset 18,870.00
    1017 Accum. Depr.-Office Equipment Fixed Asset 5,363.67
    1018 Vehicles Fixed Asset 116,207.14
    1019 Accum. Depr.-Vehicle Fixed Asset 18,024.17
    2021 Accounts Payable Current Liability 1,108,858.00
    2022 Accrued Expenses Current Liability 710.00
    820 Value Added Tax Current Liability 23,005.79
    3031 M&K, Capital Equity 162,975.00
    3032 M&K, Drawing Equity 4,000.00
    960 Retained Earnings Equity 10,930.00
    4041 Fees Earned Revenue 95,079.28
    4043 Sales Sales 765,066.97
    5050 Cost of Good Sold Direct Costs 592,750.00
    5051 Driver Salaries Expense Expense 33,300.00
    5052 Maintenance Supplies Expense Expense 162,600.00
    5053 Fuel Expense Expense 820.00
    5054 Office Salaries Expense Expense 21,200.00
    5055 Rent Expense Expense 2,500.00
    5056 Advertising Expense Expense 7,669.64
    Miscellaneous Administrative
    5057 Expense 10,930.00
    Expense
    Depreciation Expense - Office
    5058 Expense 1,113.67
    Equip.
    5059 DepreciationExpense - Vehicle Expense 1,817.03
    Total 2,317,967.09 2,317,967.09

    Trial Balance M&K Resto and Cafe

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