The accounts in the ledger of Sanford Delivery Service contain the following balances
on July 31, 2011.
|
Accounts Receivable |
$ 7,642 |
Prepaid Insurance |
$ 1,968 |
|
Accounts Payable |
8,396 |
Repair Expense |
961 |
|
Cash |
? |
Service Revenue |
10,610 |
|
Delivery Equipment |
49,360 |
Dividends |
700 |
|
Gas and Oil Expense |
758 |
Common Stock |
40,000 |
|
Insurance Expense |
523 |
Salaries Expense |
4,428 |
|
Notes Payable |
18,450 |
Salaries Payable |
815 |
|
Retained Earnings |
4,636 |
Instructions Prepare a trial balance with the accounts arranged as illustrated in the chapter and fill in the missing amount for Cash.