The list that follows presents Shah Company€™s accounts (in alphabetical order) as of March 31, 2014. The list does not include the amount of Accounts Payable.

Prepare a trial balance with the proper heading (see Exhibit 7)

And with the accounts listed in the chart of accounts sequence (see Exhibit 2).

Compute the balance of AccountsPayable.

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A. Shah, Capital Accounts Receivable Building Cash $18,870 1,800 20,400 5,400 Equipment Land Notes Payable Prepaid Insurance 7,200 3,120 12,000 660 Roland Consultancy Statement of Owner's Equity For the Month Ended December 31, 2014 T. Roland, capital, December 1, 2014 Investment by T. Roland Net income for the month Subtotal Less withdrawals T. Roland, capital, December 31, 2014 0 200,000 8400 $208,400 2400 $206,000 Country Australia (dollar) Brazil (real) Britain (pound) Canada (dollar) European Union (euro) Price in şU.S 1.07 0.58 1.59 1.00 1.32 Country Hong Kong (dollar) Japan (yen) Mexico (peso) Russia (ruble) Singapore (dollar) Price in $U.S. 0.13 0.012 0.08 0.03 0.79 Source: The Wall Street Journal, February 18, 2012.