the following are the accounts and their balances as of may 31 2010 for smith constr 497220
Aug 29, 2021 | Uncategorized
Prepare the trial balance for Smith Construction as of May 31, 2010 listing the accounts in the proper order. |
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Prepare the Income Statement, Statement of retained earnings and balance sheet for Smith Construction as of May 31. |
These statements are for the period March, April, and May. Assume retained earnings starts at a 0 blance |
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Account |
Balance |
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Repair expense |
1,000 |
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cash |
47,240 |
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Tools |
1,200 |
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Accounts Payable |
0 |
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Supplies |
1,500 |
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Common Stock |
41,000 |
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Rent Expense |
2,000 |
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Equipment |
24,000 |
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Dividends |
3,900 |
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Accounts receivable |
1,080 |
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Salary Expense |
10,780 |
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Service Revenue |
51,700 |
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Retained Earnings |
0 |
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