Question
Prepare a trial balance and financial statements. The accounts in the ledger of Bastin Delivery Service contain the following balances on July 31, 2017. Accounts
Prepare a trial balance and financial statements.
The accounts in the ledger of Bastin Delivery Service contain the following balances on July 31, 2017.
Accounts Receivable $13,400
Accounts Payable 8,400
Cash ?
Equipment 80,000
Maintenance and Repairs Expense 1,958 Insurance Expense 900
Accumulated Depreciation 20,640
Notes Payable (due 2020) 28,450
Prepaid Insurance 2,200
Service Revenue 15,500
Dividends 700
Common Stock 40,000
Salaries and Wages Expense 7,428
Salaries and Wages Payable 820
Retained Earnings (July 1, 2017) 5,200 Instructions:
1. Prepare a trial balance with the accounts arranged in financial statement order (assets, liabilities, equity, revenue, expense) and fill in the missing amount for Cash.
2. Prepare an income statement, a retained earnings statement, and a classified balance sheet for the month of July 2017.
Must be Prepared in Excel Worksheet.
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