E223A similar to Question Help The accounts of Custom Deck S

E2-23A (similar to) Question Help The accounts of Custom Deck Service, Inc., follow with their normal balances at April 30, 2016. The accounts are listed in no particular order (Cick the con to view the accounts.) Read the requirements Requirement 1. Prepare the company\'s trial balance at Apri 30, 2016, listing aoounts in proper sequence. For example, Accounts Receivable comes before Equipment. List the expense with the largest balance first, the expense wth the next largest balance second, and so on. Solect the accounts that will be listed on the trial balance; enter the account balances and finaly total the debits and credits. Remember to ist the accounts in the oraper.sequence: assets first, then liabilities followed by stockholders equity Cincluding revenue and expense aooounts). List the expenses last with the largest belance first, the expense with the next largest balanoe second, and so on. Custom Deck Service, Inc. Trial Balance April 30, 2016 Account Debit Credit Total Choose from any list or enter any number in the input fields and then click Check Answer.

Solution

Custom Deck service, Inc. Trial balance April 30,2016 Account Debit Credit Cash $       19,400 Accounts receivable $         5,200 Equipment $       30,200 Accounts payable $         4,800 Note payable $       25,000 Share capital $       16,300 Retained earnings $         2,550 Dividends $         3,500 Service revenue $       20,500 Salary expense $         8,200 Utilities expense $         2,100 Delivery expense $             550 Total $       69,150 $       69,150 Custom Deck service, Inc. Income Statement For the month ended April 30,2016 Service revenue $       20,500 Salary expense $         8,200 Utilities expense $         2,100 Delivery expense $             550 Total expense $       10,850 Net Income $         9,650