Prepare a trial balance with the proper heading

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Reference no: EM13913517

The list that follows presents Shah Corporation's accounts (in alphabetical order) as of March 31, 2014. The list does not include the amount of Accounts Payable.

Accounts Payable	?	Equipment	$ 7,200
Accounts Receivable	$ 1,800	Land	3,120
Building	20,400	Notes Payable	10,000
Cash	5,400	Prepaid Insurance	660
Common Stock	12,000	Retained Earnings	6,870

Prepare a trial balance with the proper heading (see Exhibit 7) and with the accounts listed in the chart of accounts sequence (see Exhibit 2). Compute the balance of Accounts Payable.

Text Book: Financial and Managerial Accounting By Belverd Needles, Marian Powers, Susan V. Crosson.

Reference no: EM13913517

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