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.