Preparing a trial balance
The accounts of Atkins Moving Company follow with their normal balances at August 31, 2012. The accounts are listed in no particular order.
|
Atkins, capital |
$ 72,000 |
Trucks |
$ 132,000 |
|
Insurance expense |
600 |
Fuel expense |
3,000 |
|
Accounts payable |
4,000 |
Atkins, drawing |
5,400 |
|
Service revenue |
80,000 |
Utilities expense |
500 |
|
Building |
48,000 |
Accounts receivable |
8,800 |
|
Supplies expense |
400 |
Note payable |
54,000 |
|
Cash |
4,000 |
Supplies |
300 |
|
Salary expense |
7,000 |
Requirement
1. Prepare Atkins” trial balance at August 31, 2012.