Reference no: EM132473581

Trial Balance

Trial Balance                                   DR                                 CR
Bank                                          80
Accounts Receivable                      20
Equipment                                      80
Accounts Payable                                                      60
Bank Loan (3 yrs)                                                    10
Mortgage Payable                                                       45
R. Brown, Capital                                                         ?
R. Brown, Drawings                            10
Sales                                                                        32
Rent Expense                                    10
Salaries Expense                                 5
Telephone Expense                              1
Totals                                                ?                           ?

Required:

Prepare and determine the following:

Question 1: The Capital figure in the trial balance columns

Question 2: The total value of current assets

Question 3: The debt ratio.

Question 4: The business had a net income or net loss

Question 5: The owner's Capital ending figure to appear on the balance sheet.

Question 6: The debits and credits totaled