Exercise - The accounts in the ledger of Time Is Money Delivery Service contain the following balances on July 31, 2017.
|
Accounts Receivable
|
$10,642
|
Prepaid Insurance
|
$1,968
|
|
Accounts Payable
|
8,396
|
Maintenance and Repairs Expense
|
961
|
|
Cash
|
7
|
Service Revenue
|
10,610
|
|
Equipment
|
49,360
|
Dividends
|
700
|
|
Gasoline Expense
|
758
|
Common Stock
|
40,000
|
|
Utilities Expense
|
523
|
Salaries and Wages Expense
|
4,428
|
|
Notes Payable
|
26,450
|
Salaries and Wages Payable
|
815
|
|
|
Retained Earnings
|
4,636
|
Prepare a trial balance and fill in the missing amount for Cash.