The accounts of Hernandez Computer Repair, Inc., and their normal balances at March 31, 2018, follow. The accounts are listed in no particular order.

Requirements

1. Prepare the company?s trial balance at March 31, 2018, listing accounts in the proper order. List the largest expense first, the second largest expense next, and so on.

2. Prepare the month-end financial statements: income statement, statement of retained earnings, and balance sheet. The Retained Earnings balance of $17,010 is the beginning balance for the month; it has not been updated for the current month?s income or loss.

3. Was March a profitable month for Hernandez Computer Repair, Inc.? Why or why not?

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Account Balance Common Stock.. Insurance Expense.. Accounts Payable. $15,000 150 925 Service Revenue 13,200 20,000 Land. Supplies Expense. 360 Cash 4,600 3,650 110,000 1,500 2,000 675 17,010 . Salaries Expense Building. Rent Expense Dividends. Utilities Expense. Retained Earnings.. Accounts Receivable. 850 Notes Payable. Supplies. 98,000 350