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Exercise 2-18 (Static) Prepare a trial balance (LO2-6) Below is the complete list of accounts of Cobras Incorporated and the related balance at the end
Exercise 2-18 (Static) Prepare a trial balance (LO2-6) Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have their normal debit or credit balance. Supplies, $1,000; Buildings, $55,000; Salaries Payable, $500; Common Stock, $35,000; Accounts Payable, $2,200; Utilities Expense, $3,700; Prepaid Insurance, $1,200; Service Revenue, $19,500; Accounts Receivable, $4,200; Cash, $3,500; Salaries Expense, \$6,400; Retained Earnings, \$17,800. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses
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