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Following is a complete list of accounts and account balances as of the end of May for Goalies Ball, Ltd. which sells soccer merchandise to

  1. Following is a complete list of accounts and account balances as of the end of May for Goalies Ball, Ltd. which sells soccer merchandise to customers. Assume all accounts have their normal debit or credit balance.
  • Common Stock: $5,000
  • Accounts Payable: $3,440
  • Cash: $8,920
  • Sales Revenue: $16,820
  • Dividends: $260
  • A/R: $2,745
  • Advertising Expense: $2,170
  • Notes Payable: $12,900
  • Retained Earnings: $6,010
  • Cost of Goods Sold (COGS): $7,940
  • Equipment: $11,855
  • Rent Expense: $650
  • Wages Expense: $3,750
  • Inventory: $5,880

Prepare an unadjusted trial balance for Goalies Ball as of the end of May with the list of accounts in the following order: assets, liabilities, common stock, retained earnings, revenues, expenses, and dividends.

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