Prepare the Trial Balance - Accounting & Finance Assignment Help

Assignment Task

BOOK THE FOLLOWING OPERATIONS ON T-ACCOUNTS.     
Operations during 2020:    
 1. Inventory of 1.000 EUR was purchased and paid in cash.     
 2. Inventory of 2.000 EUR was purchased on account (it will be paid in 60 days).     
 3. We sold inventory of 500 EUR to our customer; he paid us in cash.     
 4. We sold inventory of 300 EUR to our customer on account (it will be paid in 30 days).     
 5. Machinery was sold (5.000 EUR) and the buyer paid in cash.     
 6. Our customers paid to us 2.000 EUR for the previous purchases in cash.     
 7. Our customers paid to us 1.000 EUR for the previous purchases by bank transfer.     
 8. We repaid our loan to Santander Bank; 1.100 EUR from the bank account. No interests.     
 9. We repaid our loan to Citi Bank; 1.900 EUR from the bank account. No interests.     
 10. We paid our libilities of 200 EUR to our suppliers in cash.     
 11. We paid our libilities of 500 EUR to our suppliers by bank transfer.     
 12. The business' owner paid to our company 10.000 EUR by bank transfer increasing his capital.     
    
 PREPARE THE TRIAL BALANCE (USE ONE CHOSEN METHOD) TO CHECK IF ALL OPERATIONS WERE BOOKED CORRECTLY.

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