The list that follows presents the accounts (in alphabetical order) of the Chapla Corporation as of March 31, 2011.

Prepare a trial balance with the proper heading (see Exhibit) and with the accounts listed in the sequence of the chart of accounts (see Exhibit).

Compute the balance of Accounts Payable.

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Accounts Payable Accounts Receivable Building Cash Common Stock 14,400 6,240 20,000 1,320 13,740 ?Equipment 5,600 Land 40,800 Notes Payable 10,800 24,000 Prepaid Insurance Retained Earnings Creative Designs, Inc. Trial Balance July 31, 2011 22480 4,600 5,200 3,200 16,320 Accounts Receivable Office Supplies Prepaid Rent Office Equipment Accounts Payable Unearned Design Revenue Common Stock Dividends Design Revenue Wages Expense Utilities Expense S 6,280 1,400 40,000 12,400 4,800 $60,080 $60,080