From the Following List of Transactions, Prepare a Trial Balance

question 112

Essay

From the following list of transactions, prepare a trial balance dated March 31, 2014, for Niko Inc., which began operations on March 1, 2014.
a. Sold 600 common shares for $12,000.
b. Located a building suitable for a dry cleaning business, paying the first month's rent of $2,000.
c. Purchased cleaning supplies for $500 cash.
d. Purchased cleaning equipment on account costing $6,000.
e. Services of $5,000 were rendered for cash during the month.
f. Paid $1,500 salaries to employees for the month.
g. Paid utilities bill of $500 for the month.

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Definitions:

Recycling Cost

Expenses associated with the collection, sorting, processing, and reuse of materials to prevent waste.

Consumer Electronics

Consumer electronics are electronic devices designed for everyday use, typically in private homes, such as smartphones, tablets, and televisions.

Recycling

The process of converting waste materials into new products to prevent waste of potentially useful materials, reduce consumption of raw materials, and lower energy usage and air and water pollution.

Remanufacturing

The process of refurbishing used products or components to a like-new condition, offering a sustainable alternative to new production.