Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
The accounts of Epic Pool Service, Inc., follow with their normal balances at April 30, 2021. The accounts are listed in no particular order. (Click
The accounts of Epic Pool 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. 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 expen largest balance first, the expense with the next largest balance second, and so on. Epic Pool Service, Inc. Trial Balance April 30, 2021 - X - X Balance Requirements Data Table Account Debit Credit ho Account Balance Account Balance Dividends $ S 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 16,500 4.700 Utilities expense Accounts receivable 20.500 3,100 Common stock 1,600 Accounts payable 6,000 Service revenue 350 Equipment 7,350 Note payable 8,600 Cash Delivery expense 30.000 Retained earnings 20.000 Salary expense 19,400 Print Done Print Done Total
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started