Question

The accounts in the ledger of Time Is Money Delivery Service contain the following balances on July 31, 2015.
Accounts Receivable ......... $10,642
Prepaid Insurance ............ $ 1,968
Accounts Payable ............ 8,396
Maintenance and Repairs Expense ....... 961
Cash .................. ?
Service Revenue ............ 10,610
Equipment .............. 49,360
Dividends ................ 700
Gasoline Expense ............. 758
Common Stock ............. 40,000
Utilities Expense .............. 523
Salaries and Wages Expense ........ 4,428
Notes Payable ............. 26,450
Salaries and Wages Payable ........ 815
Retained Earnings ........... 4,636

Instructions
Prepare a trial balance with the accounts arranged as illustrated in the chapter and fill in the missing amount for Cash.



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  • CreatedFebruary 17, 2014
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