Question 1 (24 Points)
a) Given the following list of accounts and their amounts, prepare a trial balance covering all accounts in good and right order. (16 points)
Advertising expenses				1.700
Utility expenses				1.750
Supplies				2.700
Wages payable				6.000
Dividends				6.300
Cash				8.150
Account payable				9.600
Wage expense				14.250
Accounts receivable				14.300
Notes payable				47.000
Revenue				50.800
Building				71.000
Capital stock				86.000
Land				96.000
Retained earnings				?

b) The account balances for AB Company, Inc. as of May 31, 2009, are listed below in alphabetical order:

Accounts Payable.................. $13,600 Equipment.......................... $18,900

Accounts Receivable............. $14,200 Land................................... $52,000

Building................................. $42,000 Notes Payable.................... $25,000

Cash ...................................... $3,500

Capital Stock......................... $92,000

On June 3, the AB Inc. collected $2,400 of its accounts receivable and paid $4,800 of its accounts payable. In addition, 2,000 of additional shares of capital stock are issued for $10,400. Please answer the following questions (8 points) :

1 In a trial balance prepared on May 31, 2009, the sum of the debit column is:

2 On June 4, the balance in the Cash account is:

3 On June 4, the balance in the Capital Stock account is:

4 In a trial balance prepared on June 4, the sum of the credit column is:

Please answer only point b (1,2,3,4)