Question 9 25 pts (TCO 2) Below are the accounts of Super Pool Service, Inc. The

Question

Question 9 25 pts (TCO 2) Below are the accounts of Super Pool Service, Inc. The accounts have normal balances on June 30, 2012. The accounts are listed in no particular order Account Common stock Accounts payable Service revenue Land Note payable Cash Dividends Utilities expense Accounts receivable Delivery expense Retained earnings Salary expense Balance $5,100 $4,400 $17,100 $28,800 $9,500 $5,200 $6,100 $2,100 $10,600 $700 $25,600 $8,200 Prepare the company's trial balance as of June 30, 2012, listing accounts in proper sequence, as illustrated in the chapter. For example, Accounts Receivable comes before Land. List the expense with the largest balance first, the expense with the next largest balance second, and so on.

Explanation / Answer

Trial balance :

Debit credit Cash 5200 Account receivable 10600 Land 28800 Account payable 4400 Notes payable 9500 Common stock 5100 Retained earnings 25600 Dividends 6100 Service revenue 17100 Salary expenses 8200 Utilities expenses 2100 Delivery expenses 700 Total 61700 61700

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