List the expense with the largest balance first

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Reference no: EM13766607

Below are the accounts of ABC, Inc. The accounts have normal balances on June 30, 2014. The accounts are listed in no particular order.

Account Balance

Money Market Account $5,200

Unearned Revenue $4,400

Sales $18,100

Building $26,800

Bonds payable $5,500

Preferred Stock $5,100

Prepaid insurance $4,100

Rent expense $2,100

Notes receivable $6,600

Depreciation expense $2,700

Retained earnings $22,600

Salary Payable $8,200

Long term investments $16,400

Required:

Prepare the company's trial balance as of June 30, 2014, listing accounts in proper sequence. For example, Accounts Receivable comes before Building. List the expense with the largest balance first, the expense with the next largest balance second, and so on.

Reference no: EM13766607

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