E2-32B. (Learning Objective 5: Preparing and using a trial balance) The accounts of Grand Pool Service, Inc., follow with their normal balances at June 30, 20X6. The accounts are listed in no particular order.

Requirements 1. Prepare the company’s trial balance at June 30, 20X6, 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.
2. Prepare the financial statement for the month ended June 30, 20X6, that will tell the company the results of operations for the month.

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Account Share Capital... Accounts payable. Service revenue. Land..... Note payable.. Cash... Balance 7,000 Dividends... 5,700 Utilities expense. 23,100 Account Accounts receivable... Balance 8,100 2,000 15,900 25,100 Delivery expense 500 7,200 Retained earnings.. 25,300 9,200 Salary expense. 750