16 686hts of And Computer Repair, Inc, and their normal balances at March 31, 2018, follow The accounts are listed in no particular order Click the icon to view the account balances) Read the requirements Requirement 1. Prepare the company's trial balance at March 31, 2018 listing accounts in the proper order. Ust the largest expense first, the second largest expense next, and so on Avid Computer Repair, Inc. Trial Balance March 31, 2018 Account Debit Credit Next Revenue: Expenses: Avid Computer Repair, Inc. Income Statement For the Month Ended March 31, 2018 Total Expenses Add: Subtotal Less: Avid Computer Repair, Inc. Statement of Retained Earnings For the Month Ended March 31, 2018 Prepare the balance sheet. Start with the asset portion of the statement, and then c empty; do not select a label or enter a zero.) Avid Computer Repair, Inc. accounts of Avid Computer Repair, Inc., and (Click the icon to view the account balances.) ad the requirements. epare the palace Sheet Stall with the asset portion of the statement, and then complete the apes are stuckers equity sectors c mpty; do not select a label or enter a zero.) Avid Computer Repair, Inc. Balance Sheet Assets March 31, 2018 Liabilities: Total liabilities Stockholders' Equity Total halda. No, the company did not have Yes, the company had Tota Total Total I onth for Avid Computer F a profitable month as apparent from abilitie St stockho liabilitie Repair, rom the decrease in retained earnings increase in retained earnings. minimal amount of cash on its balance sheet. net income reported on the income statement. net loss reported on the income statement. significant amount of cash on its balance sheet. Account Common stock. Insurance expense Balance $ 119,650 650 Accounts payable 4,300 Service revenue. 32,000 Land. 101,000 Supplies expense 700 Cash... 16,000 Salaries expense.. 5,500 Building. 93,000 Rent expense. 5,000 Dividends.. 1,000 Utilities expense. 1,100 Retained earnings. 8,200 Accounts receivable 7,500 Notes payable 68,000 Supplies... 700 13 Requirements 1. Prepare the company's trial balance at March 31, 2018, listing accounts in the proper order. List the largest expense first, the second largest expense next, and so on. 2. Prepare the month-end financial statements: income statement, statement of retained earnings, and balance sheet. The Retained earnings balance of $8,200 is the beginning balance for the month; it has not been updated for the current month's income or loss. 3. Was March a profitable month for Avid Computer Repair, Inc.? Why or why not? Print Done