QUESTION6 The accounts in the ledger of Dependable Delivery

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

Solution

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