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E2-32B (Learning Objective 4: Preparing and using a trial balance) The accounts of Grand Pool Service, Inc., follow with their normal balances at June 30,
E2-32B (Learning Objective 4: Preparing and using a trial balance) The accounts of Grand Pool Service, Inc., follow with their normal balances at June 30, 20X6. The accounts are listed in no particular order. Account Balance Account Balance Share Capital..................... E 8,000 Dividends .................:4 E 6,300 Accounts payable ........... 4,500 Utilities expense ...........:# 1,600 Service revenue............... 22,800 Accounts receivable........ 15,300 Land....... 29,400 Delivery expense ....... 200 Note payable.......... 10,500 Retained earnings.........; 24,600 Cash............. 9,400 Salary expense.......... 8,200 I Requirements 1. Prepare the company's trial balance at June 30, 20X6, listing accounts in proper sequence, as illustrated in the chapter. For example, Accounts Receivable comes before Land. List the expense with the largest balance first, the expense with the next largest balance second, and so on. 2. Prepare the financial statement for the month ended June 30, 20X6, that will tell the company the results of operations for the month
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