Essay
From the following list of transactions,prepare a trial balance dated March 31,2017,for Niko Inc.,which began operations on March 1,2017.
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.
Correct Answer:

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Correct Answer:
Verified
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