Requirement #6:

Prepare an Adjusted Trial Balance in the space below.

Parkview Landscaping Corporation Adjusted Trial Balance July 31

July 1 Began business by making a deposit in a company bank account of $24,000, in exchange for 4,800 shares of $5 par value common stock.

Debit: Cash 24,000

Credit: Common Stock 24,000 July 1 Paid the premium on a one-year insurance policy, $2,400.

Debit Prepaid Insurance 2,400

Credit Cash 2,400 July 1 Paid the current month's rent, $2,080.

Debit Rent Expense 2,080

Credit Cash 2,080 July 3 Purchased landscaping equipment from Brookwood Company, $8,800. Paid $1,200 down and the balance was placed on account. Payments will be $400.00 per month for nineteen months. The first payment is due 8/1. Note: Use Accounts Payable for the Balance Due.

Debit Landscaping Equipment 8,800

Credit Cash 1,200

Credit Accounts Payable 7,600 July 8 Purchased landscaping supplies from Lakeside Company on credit, $780.

Debit Landscaping Supplies 780

Credit Accounts Payable 780 July 12 Paid utility bill for July, $308.

Debit Utility Expense 308

Credit Cash 308 July 16 Cash landscaping revenue for the first half of July, $2,724.

Debit Cash 2,724

Credit Landscaping Revenue 2,724 July 19 Made payment on account to Lakeside Company, $400.

Debit Accounts Payable 400

Credit Cash 400 July 31 Cash landscaping revenue for the last half of July, $2,620.

Debit Cash 2,620

Credit Landscaping Revenue 2,620 July 31 Declared and paid cash dividend of $1,600.

Debit Retained Earnings 1,600

Credit Cash 1,600