The accounts of Custom Pool Service, Inc., follow with their normal balances at June 30, 20X6. The
Question:
Required
1. Prepare the company's trial balance at June 30, 20X6, listing accounts in proper sequence, as illustrated in the chapter. For example, Supplies comes before Land. List the expense with the largest balance first, the expense with the next largest balance second, and so on.
2. Prepare the financial statement for the month ended June 30, 20X6 that will tell the company the results of operations for the month.
Account Balance Account Balance Dividends Utilities expense.. Accounts receivable...15,500 Delivery expense Retained earnings Salary expense... 6,000 $ 8,500 Accounts payatbl. 300 ...21,400 8,000 Land...29,000 Note payable Cas 13,000 9,000
Step by Step Answer:
1 Custom Pool Service Inc Trial Balance at June 30 20X6 Accounts Title Debits Credits Cash 9000 Acco...View the full answer
Financial Accounting
ISBN: 978-0135012840
7th edition
Authors: Walter T. Harrison, Charles T. Horngren
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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