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    Example Company Trial Balance

    Uploaded by

    Raven Macaraig
    The document presents the trial balance of Example Company as of December 31, 2021 including assets, liabilities and equities with debit and credit amounts listed for each line item.

    Copyright:

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

    Example Company Trial Balance

    Uploaded by

    Raven Macaraig
    33 views1 page
    The document presents the trial balance of Example Company as of December 31, 2021 including assets, liabilities and equities with debit and credit amounts listed for each line item.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

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    The document presents the trial balance of Example Company as of December 31, 2021 including assets, liabilities and equities with debit and credit amounts listed for each line item.

    Copyright:

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

    Example Company Trial Balance

    Uploaded by

    Raven Macaraig
    The document presents the trial balance of Example Company as of December 31, 2021 including assets, liabilities and equities with debit and credit amounts listed for each line item.

    Copyright:

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

    Below is the portion of the trial balance of Example Company as of

    December 31, 2021 presenting its assets, liabilties and equities:

    Debit Credit
    Cash on Hand 40,000
    Cash in Bank 300,000
    Petty Cash Fund 10,000
    Treasury Bills, 90 days 150,000
    Financial Assets at Fair Value, 120 days 200,000
    Accounts Receivables 580,000
    Allowance for doubtful accounts 20,000
    Notes Receivables 100,000
    Accrued Interest Receivables 10,000
    Advances to Employees, currently collectible 30,000
    Finished Goods 300,000
    Goods in Process 400,000
    Raw Materials 150,000
    Manufacturing Supplies 50,000
    Office Supplies Unused 30,000
    Prepaid Insurance 20,000
    Land 1,500,000
    Building 4,500,000
    Accumulated Depreciation-Building 1,900,000
    Machinery & Equipment 1,000,000
    Accumulated Depreciation-Machinery & Equipment 350,000
    Furnitures and Fixtures 300,000
    Accumulated Depreciation- Furnitures & Fixtures 150,000
    Patterns, Molds, Dies and Tools, Net 100,000
    Investment in Associate, at Equity 1,000,000
    Plan Expansion Fund 2,000,000
    Financial Assets at Amortized Cost, 3 years Maturity 3,000,000
    Cash Surrender Value 100,000
    Patent 500,000
    Trademark 1,500,000
    Long-Term Refundable Deposit 20,000
    Long-Term Advances to Officers 80,000
    Accounts Payable 350,000
    Notes Payable 150,000
    Accrued Interest Payable 15,000
    Income Tax Payable 50,000
    Dividends Payable 100,000
    Accrued Expenses 85,000
    Notes Payable-Short-term debt 400,000
    Bonds Payable- Current Portion 200,000
    Warranty Payable 50,000
    Bonds Payable - Remaining Portion 1,800,000
    Notes Payable Due on July 31, 2024 600,000
    Deferred Tax Liability 100,000
    Share Capital 5,000,000
    Share Premium 2,000,000
    Retained Earnings Appropriated for Contingencies 1,000,000
    Retained Earnings 3,650,000
    Totals 17,970,000 17,970,000

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