The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2007.

Accounts Receivable $13,400 Prepaid Insurance $ 1,800 Accounts Payable 7,400 Repair Expense 1,200 Cash ? Service Revenue 15,500 Delivery Equipment 59,360 Dividends 700 Gas and Oil Expense 758 Common Stock 40,000 Insurance Expense 600 Salaries Expense 4,428 Notes Payable, due 2010 28,450 Salaries Payable 900 Retained Earnings 5,200

(July 1, 2007)

Instructions

(a) Prepare a trial balance with the accounts arranged as illustrated in the chapter, and fill in the missing amount for Cash.

(b) Prepare an income statement, a retained earnings statement, and a classified balance sheet for the month of July 2007.