Account Balance Common stock $5,100 Accounts payable $4,400 Service revenue $17,

Question

Account                              Balance
Common stock                    $5,100
Accounts payable                $4,400
Service revenue                   $17,100
Land                                  $28,800
Note payable                       $9,500
Cash                                  $5,200
Dividends                            $6,100
Utilities expense                  $2,100
Accounts receivable             $10,600
Delivery expense                 $700
Retained earnings                $25,600
Salary expense                    $8,200

Prepare the company

Explanation / Answer

Trial Balance as at June 30,2012 Debit Credit Common stock 5100.00 Accounts payable 4400.00 Service revenue 17100.00 Land 28800.00 Note payable 9500.00 Cash 5200.00 Dividends 6100.00 Utilities expense 2100.00 Accounts receivable 10600.00 Delivery expense 700.00 Retained earnings 25600.00 Salary expense 8200.00 Total 61700.00 61700.00

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