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Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable $14,900 9,900
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable $14,900 9,900 Prepaid Insurance Service Revenue Dividends Common Stock $ 3,500 17,400 860 40,200 Cash Equipment Maintenance and Repairs Expense Insurance Expense 59,560 3,858 Salaries and Wages Expense 8,628 740 940 Salaries and Wages Payable Retained Earnings (July 1, 2017) Notes Payable (due 2020) 29,650 6,500 Prepare a trial balance. RAPID DELIVERY SERVICE Trial Balance Debit Credit Prepare an income statement for the month of July 2017. RAPID DELIVERY SERVICE Income Statement Prepare a retained earnings statement for the month of July 2017. (List items that increase retained earnings first.) RAPID DELIVERY SERVICE Retained Earnings Statement Prepare a classified balance sheet for the month of July 2017. (List current assets in order of liquidity) RAPID DELIVERY SERVICE Balance Sheet Assets $ Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work
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