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The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable Cash Equipment Maintenance and
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense $14,800 9,800 ? 59,470 3,358 700 30 450 $ 3,500 16,900 900 40,110 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2017) 9,428 950 6,500 Notes Payable (due 2020) 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 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
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