The transactions for Zane's Creations, Inc., for the month of January 2018 are posted in the following T-accounts:
Requirement 1. Calculate account balances at January 31, 2018.
Homework Answers
Zane Creations Inc
Trial balance
January 31,2018
| Debit | Credit | |
| Cash | 33875 | |
| Account receivable | 2500 | |
| Supplies | 750 | |
| Equipment | 10800 | |
| Account payable | 350 | |
| Common Stock | 45000 | |
| Service revenue | 6450 | |
| Salaries expense | 2050 | |
| Rent expense | 1400 | |
| Utilities expense | 425 | |
| Total | 51800 | 51800 |
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