E2-14 The accounts in the ledger of Sanford Delivery Service contain the following balances on July 31, 2008.
- Accounts Receivable $ 7,642
- Prepaid Insurance 1,968
- Accounts Payable 8,396
- Repair Expense 961
- Cash ?
- Service Revenue 10,610
- Delivery Equipment 49,360
- Dividends 700
- Gas and Oil Expense 758
- Common Stock 40,000
- Insurance Expense 523
- Salaries Expense 4,428
- Notes Payable 18,450
- Salaries Payable 815
- Retained Earnings 4,636
Instructions: Prepare a trial balance with the accounts arranged as illustrated in the chapter and fill in the
missing amount for Cash.
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