Below is the complete list of accounts of Sooner Company and the related balance at the end

Question:

Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, $2,900; Prepaid Rent, $6,400; $3,300; Common Stock, $30,000; Service Revenue, $24,400; Salaries Expense, $7,200; Accounts Receivable, $5,100; Land, $50,000; Unearned Revenue, $1,800; Retained Earnings, $20,500; Supplies Expense, $8,400.
Required:
Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses?
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...