The accounts in the ledger of Roshek Delivery Service contain the following balances on July 31, 2012.
|
Accounts Receivable
|
13,400
|
Prepaid Insurance
|
$2,200
|
|
Accounts Payable
|
8,400
|
Service Revenue
|
15,500
|
|
Cash
|
?
|
Dividends
|
700
|
|
Equipment
|
59,360
|
Common Stock
|
40,000
|
|
Maintenance and
|
|
Salaries and Wages Expense
|
7,428
|
|
Repairs Expense
|
1,958
|
Salaries and Wages Payable
|
820
|
|
Insurance Expense
|
900
|
Retained Earnings
|
5,200
|
|
Notes Payable (due 2015)
|
28,450
|
(July 1, 2012)
|
|
Instructions
(a) Prepare a trial balance with the accounts arranged as illustrated in the chapter, and fill in the missing amount for Cash.
(b) Prepare an income statement, a retained earnings statement, and a classified balance sheet for the month of July 2012.