7. The following list of accounts was taken from the general ledger of Bassett Corporation on December 31, 2016. The bookkeeper thought it would be helpful if the accounts were arranged in alphabetical order. Each account contains the balance that is normal for that type of account; for example, Cash normally has a debit balance. Prepare a trial balance as of this date with the accounts arranged in the following order: (1) assets, (2) liabilities, (3) stockholders equity, (4) revenues, (5) expenses, and (6) dividends.

Accounts Payable	$ 8,650
Accounts Receivable	5,325
Automobiles	9,200
Buildings	150,000
Capital Stock	100,000
Cash	11,500
Commissions Expense	2,600
Commissions Revenue	12,750
Dividends	2,000
Equipment	85,000
Heat, Light, and Water Expense	1,400
Income Tax Expense	1,700
Income Taxes Payable	2,500
Interest Revenue	1,300
Land	50,000
Notes Payable	90,000
Office Salaries Expense	6,000
Office Supplies	500
Retained Earnings	110,025

IU - obe XX Normal D) Long-Term Debt L CR 7. The following list of accounts was taken from the general ledger of Bassett Corporation on December 31, 2016. The bookkeeper thought it would be helpful if the accounts were arranged in alphabetical order. Each account contains the balance that is normal for that type of account for example, Cash normally has a debit balance. Prepare a trial balance as of this date with the accounts arranged in the following order: (1) assets, (2) liabilities, (3) stockholders' equity. (4) revenues, (5) expenses, and (6) dividends. Accounts Payable Accounts Receivable Automobiles Buildings Capital Stock Cash Commissions Expense Commissions Revenue Dividends Equipment Heat, Light, and Water Expense Income Tax Expense Income Taxes Payable Interest Revenue Land Notes Payable Office Salaries Expense Office Supplies Retained aming ANSWER S 8,650 5,325 9,200 150,000 100,000 11,500 2,600 12,750 2,000 85,000 1.400 1.700 2,500 1,300 50,000 90,000 6,000 500 110,025 M11011 W E N dtv A