Prepare the trial balance for Smith Construction as of May 31, 2010 listing the accounts in the proper order. | ||||||||
Prepare the Income Statement, Statement of retained earnings and balance sheet for Smith Construction as of May 31. | ||||||||
These statements are for the period March, April, and May. Assume retained earnings starts at a 0 blance | ||||||||
Account | Balance | |||||||
Repair expense | 1,000 | |||||||
cash | 47,240 | |||||||
Tools | 1,200 | |||||||
Accounts Payable | 0 | |||||||
Supplies | 1,500 | |||||||
Common Stock | 41,000 | |||||||
Rent Expense | 2,000 | |||||||
Equipment | 24,000 | |||||||
Dividends | 3,900 | |||||||
Accounts receivable | 1,080 | |||||||
Salary Expense | 10,780 | |||||||
Service Revenue | 51,700 | |||||||
Retained Earnings | 0 | |||||||
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