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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.
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