Using the trial balance provided make a chart identifying the accounts and their normal balance.

For example: Cash $60,000 Asset Account, Debit Balance

The Trial Balance of the Printer Repair Company at 2010 December 31, contains the following account balances listed in alphabetical order to increase your skill in sorting amounts to the proper work sheet columns.

Using these account balances and the following additional information, prepare a work sheet for

Printer Repair Company. Arrange the accounts in their approximate usual order.

Supplies on hand at 2010 December 31, have a cost of USD 2,400.

The balance in the Prepaid Insurance account represents the cost of a two-year insurance policy covering the period from 2010 January 1, through 2011 December 31.

The estimated lives of depreciable assets are buildings, 40 years, and equipment, 20 years.

No salvage values are anticipated.

Printer Repair Company Trial Balance Account Balances 2010 December 31 Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Buildings Capital Stock Cash Equipment Prepaid Insurance Retained Earnings, 2010 January 1 Salaries Expense Service Revenue Supplies on Hand Utilities Expense 41,000 92,000 25,000 9,000 140,000 65,000 60,000 36,000 3,600 4,800 96,000 290,000 4,000 3,200