Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The accounts of Custom Patio Service, Inc., follow with their normal balances at April 30, 2021. The accounts are listed in no particular order. (Click

image text in transcribedimage text in transcribedimage text in transcribed

The accounts of Custom Patio Service, Inc., follow with their normal balances at April 30, 2021. The accounts are listed in no particular order. (Click the icon to view the accounts.) Read the requirements Requirement 1. Prepare the company's trial balance at April 30, 2021, listing accounts in proper sequence. For example, Accounts Receivable comes before Equipment. Liat 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 Patio Service, Inc. Trial Balance April 30, 2021 Balance Account Debit Credit Total Data Table Account Balance Account Balance Dividends $ 3,900 Common stock $ 17,000 Utilities expense 1,300 Accounts payable 5,000 Accounts receivable 5,300 Service revenue 20,400 29,200 Delivery expense Retained earnings Salary expense 650 Equipment 5,550 Note payable 20,500 8,700 Cash 19,400 Print Done Requirements 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. 2. Prepare the financial statement for the month ended April 30, 2021, which will show the company the results of operations for the month

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A One Year Accounting Course

Authors: Trevor Gambling

21st Edition

0080130275, 9780080130279

More Books

Students also viewed these Accounting questions

Question

finding entry-level positions;

Answered: 1 week ago

Question

What is the formula to calculate the mth Fibonacci number?

Answered: 1 week ago

Question

What is the message frequency?

Answered: 1 week ago

Question

What is the schedule for this project?

Answered: 1 week ago

Question

Who is responsible for this project?

Answered: 1 week ago