Post Utme Lautech 2017 Accounting Question 9

A company uses the self-balancing ledger system. The company's ledger accounts for the month of January 2018 are as follows: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, Common Stock ₦100,000, Dividends ₦20,000, Equipment ₦150,000, Gain on Sale of Equipment ₦30,000, Loss on Sale of Equipment ₦10,000, Net Income ₦120,000, Retained Earnings ₦200,000, Salaries Expense ₦80,000, Sales Revenue ₦500,000, Selling Expense ₦60,000, Taxes Payable ₦40,000, and Utilities Expense ₦20,000. Prepare the company's trial balance as at 31st January 2018.