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Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, $3,200; Prepaid Rent, $6,700; Accounts Payable $3,600; Common Stock, $33,000; Service Revenue, $24,700; Salaries Expense, $7,500; Accounts Receivable, $5,400; Land, $53,000; Deferred Revenue, $1,950; Retained Earnings, $21,250; Supplies Expense, $8,700. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses.

User Flodel
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1 Answer

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Answer:

Trial Balance

Debit Credit

Land 53000

Accounts Receivable 5400

Cash 3200

Prepaid Rent 6700

Accounts Payable 3600

Deferred revenue 1950

Common Stock 33000

Retained earnings 21250

Service Revenue 24700

Salaries expense 7500

Supplies expense 8700

Totals 84500 84500

Step-by-step explanation:

The trial balance has been made in the answer section.

User Braindice
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