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ACCOUNT Common stock. $ 6,950 Insurance expense 1,150 2,600 .. Accounts payable Service revenue.. 53,700 . Land.... 20,000 . Supplies expense 1,200 Cash 4,800 .

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ACCOUNT Common stock. $ 6,950 Insurance expense 1,150 2,600 .. Accounts payable Service revenue.. 53,700 . Land.... 20,000 . Supplies expense 1,200 Cash 4,800 . Salaries expense 9,500 . . Building 97,000 IN Rent expense.. 5,000 Dividends. 6,000 Utilities expense. 1,300 Retained earnings 12,900 ... Accounts receivable 5,500 76,000 Notes payable ... Supplies... 700 Requirement 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 exp next, and so on. Highland Computer Repair, Inc. Trial Balance March 31, 2018 Account Debit Credit thennyt punction Total Requirement 2. Prepare the month-end financial statements: income statement, statement of retained earnings, and balance shoot. The Retained earnings balance $12,900 is the beginning balance for the month; it has not been updated for the current month's income or loss. Start by preparing the income statement. Highland Computer Repair, Inc. Income Statement For the Month Ended March 31, 2018 Revenue Expenses Total Expenses Net income Prepare the statement of retained earnings. Highland Computer Repair, Inc. Statement of Retained Earnings For the Month Ended March 31, 2018 Add: Subtotal Less: Prepare the balance sheet. Start with the asset portion of the statement, and then complete the liabilities and stockholders' equity sections not used in the statement, leave the box empty, do not select a label or enter a zero.) Highland Computer Repair, Inc. Balance Sheet March 31, 2018 Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total assets Total liabilities and stockholders' equity Requirement 3. Was March a profitable month for Highland Computer Repair, Inc.? Why or why not? a profitable month as apparent from the Choose from any list or enter any number in the input fields and then continue to the next

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