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The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2014. Accounts Receivable $16,400 Prepaid Insurance $1,800 Accounts Payable
The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2014.
Accounts Receivable | $16,400 | Prepaid Insurance | $1,800 | ||||
Accounts Payable | 12,400 | Maintenance and Repairs Expense | 1,200 | ||||
Cash | ? | Service Revenue | 13,500 | ||||
Equipment | 59,360 | Dividends | 800 | ||||
Gasoline Expense | 950 | Common Stock | 50,000 | ||||
Insurance Expense | 600 | Salaries and Wages Expense | 6,400 | ||||
Notes Payable, due 2017 | 28,450 | Salaries and Wages Payable | 900 | ||||
Retained Earnings (July 1, 2014) | 5,200 |
Prepare a trial balance with the accounts arranged as illustrated in the chapter, and fill in the missing amount for Cash.
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