The account balances from the ledger of Yakamoto Inc. as of July 31, 2000, are listed here

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The account balances from the ledger of Yakamoto Inc. as of July 31, 2000, are listed here in alphabetical order. The balance for Retained Earnings has been omitted. Prepare a trial balance, and insert the missing amount for Retained Earnings.

\begin{tabular}{|c|c|c|}

\hline Accounts Payable & $\$ 8,600$ & Fees Earned \\

\hline Accounts Receivable & 2,000 & Insurance Expense. \\

\hline Buildings. & 20,000 & 19,000 \\

\hline Capital Stock. & 10,000 & Miscellaneous Expenses \\

\hline Retained Earnings . & $?$ & Mortgage Payable (due 2003) \\

\hline Cash . & 19,600 & Salary Expense . . . . . . . . . . \\

\hline Rent Expense & 3,000 & Supplies \\

\hline Equipment. . . & 16,000 & Utilities Expense..$\ldots \ldots \ldots \ldots \ldots$........... $\chi_{1}{ }^{400}$ \\

\hline

\end{tabular}

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Survey Of Accounting

ISBN: 9780538846172

1st Edition

Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen

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