QUESTION6 The accounts in the ledger of Dependable Delivery Service contain the

Question

QUESTION6 The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2017 Accounts Receivable Accounts Payable $16,400 12,400 Prepaid Insuranoe Maintenance and Repairs1,200 Expense 1,800 Cash Equipment Gasoline Expense Insurance Expense Notes Payable, due28,450 ? Service Revenue 13,500 59,360 Dividends 800 950 Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings 50,000 6,400 900 5,200 600 2020 July 1, 2017) Prepare a trial balance with the accounts arranged as illustrated in the chapter, and fill in the missing amount for Cash : 3 (12pt) : E. E. T., T T T Paragraph ; l Arial T, T, -= to sqve all

Explanation / Answer

Prepare trial balance :

Debit Credit Cash 29340 Account receivable 16400 Prepaid insurance 1800 Equipment 59360 Account payable 12400 Salary and wages payable 900 Notes payable 28450 Common Stock 50000 Retained earnings 5200 Dividends 800 Service revenue 13500 Gasoline expensse 950 Insurance expense 600 Maintenance and repair expense 1200 Total 110450 110450

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