Accounting

Trial Balance

Code	Account	Type	Debit	Credit
1100	Current Assets	asset	$1,200,000	—
1110	Cash on Hand	asset	$45,000	—
1120	Bank — Faisal Islamic	asset	$480,000	—
1121	Bank — Bank of Khartoum	asset	$320,000	—
1122	Bank — Omdurman National	asset	$210,000	—
1130	Accounts Receivable	asset	$145,000	—
1200	Fixed Assets	asset	$1,250,000	—
1210	Buildings	asset	$900,000	—
1220	Equipment	asset	$220,000	—
1230	Vehicles	asset	$130,000	—
2100	Accounts Payable	liability	—	$180,000
2200	Salaries Payable	liability	—	$220,000
2300	Tax Payable	liability	—	$90,000
2400	Long-term Loans	liability	—	$130,000
3100	Retained Earnings	equity	—	$1,200,000
3200	Capital	equity	—	$630,000
4100	Tuition Revenue	revenue	—	$2,400,000
4200	Registration Revenue	revenue	—	$320,000
4300	Exam Revenue	revenue	—	$180,000
4400	Hostel Revenue	revenue	—	$240,000
4500	Other Revenue	revenue	—	$100,000
5100	Salaries & Benefits	expense	$1,320,000	—
5200	Utilities	expense	$180,000	—
5300	Maintenance	expense	$120,000	—
5400	Office & Supplies	expense	$90,000	—
5500	Depreciation	expense	$240,000	—
5600	Marketing	expense	$60,000	—
5700	Travel	expense	$45,000	—
5800	Scholarships Awarded	expense	$125,000	—