Action Accounting
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Bling
Balancing Accounts and the Trial Balance: Bank
Scene 90
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Double Entry
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Balancing Accounts
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Trial Balance
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Income Statement
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Balance Sheet
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Completed Financial Statements
Balance the Bank Account: Find the Balancing Figure
Look at the account and calculate out how much each side totals. Then find the difference between the two sides. This is the balancing figure.
Type figures in the "post-it" note below
DR
Bank Account
CR
Date
Details
Amount
Date
Details
Amount
May 1
Capital Account
5000
May 3
Rent Payable Account
1000
May 2
Loan Account
10000
May 4
Equipment Account
1200
May 18
Sales Account
960
May 8
Advertising Account
400
May 25
Sales Account
1220
May 9
Insurance Account
300
May 28
Debtor Greenland Golf Club Account
250
May 10
Purchases Account
2300
May 30
Sales Account
880
May 11
Purchases Account
1800
May 15
Cash Account
300
May 28
Drawings Account
600
May 29
Creditor Shops R Us Account
800
May 30
Bank Interest Account
50
Debit side total equals
Credit side total equals
Difference equals
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Debit side total equals €18310. Credit side total equals €8750. Difference equals €9560.
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