Objective : Construct and use a trial balance.
The accounts of Lake Oaks Pool Service, Inc., follow with their normal balances at April 30, 2014. The accounts are listed in no particular order.
|
Account
|
Balance
|
Account
|
Balance
|
|
Dividends
|
$ 3,500
|
Common stock
|
$ 16,800
|
|
Utilities expense
|
1,800
|
Accounts payable
|
4,800
|
|
Accounts receivable
|
5,300
|
Service revenue
|
20,910
|
|
Delivery expense
|
450
|
Equipment
|
29,200
|
|
Retained earnings
|
4,700
|
Note payable
|
21,500
|
|
Salary expense
|
8,700
|
Cash
|
19,760
|