Chapter 2 (1) The Peron Construction Corporation builds foundations for buildings and parking lots. The following...

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Chapter 2 (1) The Peron Construction Corporation builds foundations for buildings and parking lots. The following alphabetical list shows the account balances as of April 30, 2018: $2,200 Accounts Payable $3,900 Accounts receivable 10,120 Cash ? Common Stock 30,000 Dividends 7,800 Equipment 24,500 Notes Payable 20,000 Office Trailer Prepaid Insurance 4,600 Retained Earnings 10,000 Revenue Earned 17,400 Supplies Expense 7,200 Wages Expense 8,800 Prepare a Trial Balance with the proper heading and with accounts in balance sheet sequence. Determine the correct balance for the Cash account on April 30, 2018. Balance as of 31.12.2017 (2). Cash Accounts Payable Common Stock Equipment Fees Earned $2,500 Utilities Expense $1,500 1,750 Retained Earnings 1,250 2,000 Accounts Receivable 1,000 4,000 Wages expense 6,000 10,000 Dividends 500 A company has the accounts and balances listed above at the end of its accounting period. All accounts carry a normal balance. After preparing the trial balance A. total debits exceed total credits by $500. B. total debits exceed total credits by $2,000. C. total credits exceed total debits by $500. D. total debits and total credits are equal. Chapter 2 (1) The Peron Construction Corporation builds foundations for buildings and parking lots. The following alphabetical list shows the account balances as of April 30, 2018: $2,200 Accounts Payable $3,900 Accounts receivable 10,120 Cash ? Common Stock 30,000 Dividends 7,800 Equipment 24,500 Notes Payable 20,000 Office Trailer Prepaid Insurance 4,600 Retained Earnings 10,000 Revenue Earned 17,400 Supplies Expense 7,200 Wages Expense 8,800 Prepare a Trial Balance with the proper heading and with accounts in balance sheet sequence. Determine the correct balance for the Cash account on April 30, 2018. Balance as of 31.12.2017 (2). Cash Accounts Payable Common Stock Equipment Fees Earned $2,500 Utilities Expense $1,500 1,750 Retained Earnings 1,250 2,000 Accounts Receivable 1,000 4,000 Wages expense 6,000 10,000 Dividends 500 A company has the accounts and balances listed above at the end of its accounting period. All accounts carry a normal balance. After preparing the trial balance A. total debits exceed total credits by $500. B. total debits exceed total credits by $2,000. C. total credits exceed total debits by $500. D. total debits and total credits are equal.