Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Requirement 1. Prepare the company's trial balance at April 30, 2021, listing accounts in proper sequence. For example, Accounts Receivable comes before Equipment. List the
Requirement 1. Prepare the company's trial balance at April 30, 2021, listing accounts in proper sequence. For example, Accounts Receivable comes before Equipment. List the expense with the largest balance first, the expense with the next largest balance second, and so on. Select the accounts that will be listed on the trial balance; enter the account balances and finally total the debits and credits. Remember to list the accounts in the proper sequence: assets first, then liabilities followed by stockholders' equity (including revenue and expense accounts). List the expenses last with the largest balance first, the expense with the next largest balance second, and so on. Custom Pool Service, Inc. Trial Balance April 30, 2021 Balance The accounts of Custom Pool Service, Inc., follow with their normal balances at April 30, 2021. The accou Klisted in no particular order. (Click the icon to view the accounts.) Read the requirements Balance Account Debit Credit Dividends Account Utilities expense Accounts receivable Delivery expense Balance $ 4,000 Common stock 1,400 Accounts payable 5,000 Service revenue 800 Equipment Account Balance $ 17,100 4,800 20.500 30,800 Retained earnings 6,900 Note payable 20,500 Salary expense 8,600 Cash 19,200 Print Done Che
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started