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Objective : Construct and use a trial balance.

The accounts of Lake Oaks Pool Service, Inc., follow with their normal balances at April 30, 2014. The accounts are listed in no particular order.

Account

Balance

Account

Balance

Dividends

$ 3,500

Common stock

$ 16,800

Utilities expense

1,800

Accounts payable

4,800

Accounts receivable

5,300

Service revenue

20,910

Delivery expense

450

Equipment

29,200

Retained earnings

4,700

Note payable

21,500

Salary expense

8,700

Cash

19,760

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92066702

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