The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2022. 

Instructions 

a. Prepare a trial balance with the accounts arranged as illustrated in the chapter, and fi ll in the missing amount for Cash. 

b. Prepare an income statement, a retained earnings statement, and a classifi ed balance sheet for the month of July 2022.

Transcribed Image Text:

Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2022) Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense Notes Payable (due 2025) $ 2,200 $13,400 8,400 15,500 700 40,000 7,428 59,360 1,958 820 5,200 900 28,450