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The Accounts in the Ledger of Dependable Delivery Service Contain

Question 243

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The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2014.  Accounts Receivable $16,400 Prepaid Insurance $1,800 Accounts Payable 12,400 Maintenance and Repairs Expense 1,200 Cash ? Service Revenue 13,500 Equipment 59,360 Dividends 800 Gasoline Expense 950 Common Stock 50,000 Insurance Expense 600 Salaries and Wages Expense 6,400 Notes Payable, due 2017 28,450 Salaries and Wages Payable 900 Retained Earnings 5,200 (July 1, 2014) \begin{array}{lrlr}\text { Accounts Receivable } & \$ 16,400 & \text { Prepaid Insurance } & \$ 1,800 \\\text { Accounts Payable } & 12,400 & \text { Maintenance and Repairs Expense } & 1,200 \\\text { Cash } & ? & \text { Service Revenue } & 13,500 \\\text { Equipment } & 59,360 & \text { Dividends } & 800\\\text { Gasoline Expense } & 950 & \text { Common Stock } & 50,000 \\\text { Insurance Expense } & 600 & \text { Salaries and Wages Expense } & 6,400 \\\text { Notes Payable, due 2017 } & 28,450 & \text { Salaries and Wages Payable }&900 \\& & \text { Retained Earnings }& 5,200 \\&& \text { (July 1, 2014) } \end{array} Instructions
Prepare a trial balance with the accounts arranged as illustrated in the chapter, and fill in the missing amount for Cash.

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