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The following T-accounts summarize the operations of Chen Construction Company for July 2019. Assets Liabilities Stockholders' Equity Cash Accounts Payable Common Stock 7/1 1,100 4,000
The following T-accounts summarize the operations of Chen Construction Company for July 2019. Assets Liabilities Stockholders' Equity Cash Accounts Payable Common Stock 7/1 1,100 4,000 7/1 7/1 7/4 7/2 7/5 150 250 1,000 7/2 200 1,000 150 2,500700 150 750 7/5 7/9 7/7 7/11 7/14 Retained Earnings 250 7/1 Accounts Receivable 7/14 750 2,500 7/7 | 7/1 1,400 150 7/11 Supplies 7/1 750 7/4 250 Land 7/1 3,000 7/9 700 2. Prepare a trial balance at July 31, 2019. If an amount box does not require an entry, leave it blank. Chen Construction Company Trial Balance July 31, 2019 Account Debit Credit Cash $ 3,850 x $ 1,600 x Accounts Receivable 1,400 Supplies C 1,000 3,700C Land Accounts Payable 150 1,350 Common Stock 5,000 Retained Earnings 1750 2,750 $ 10,850 x $ 10,850 X
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