Question
The accounts of Epic Pool Service, Inc., follow with their normal balances at April 30, 2021. The accounts are listed in no particular order. LOADING...
The accounts of
Epic Pool
Service, Inc., follow with their normal balances at
April
30,
2021.
The accounts are listed in no particular order.
LOADING...
(Click the icon to view the accounts.)Read the requirements
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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.
Epic Pool Service, Inc. |
Trial Balance |
April 30, 2021 |
Balance | |||
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Requirement 2. Prepare the financial statement for the month ended
April
30,
2021,
which will show the company the results of operations for the month.
Begin by selecting the labels for the financial statement header, then in the next step complete the financial statement.
Epic Pool Service, Inc. | |
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Data Table
Account | Balance |
| Account | Balance |
Dividends | $3,100 |
| Common stock | $17,100 |
Utilities expense | 1,500 |
| Accounts payable | 4,400 |
Accounts receivable | 5,100 |
| Service revenue | 21,400 |
Delivery expense | 350 |
| Equipment | 29,000 |
Retained earnings | 1,450 |
| Note payable | 23,000 |
Salary expense | 8,900 |
| Cash | 19,400 |
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