Homework Help is Here – Start Your Trial Now!
Business
Accounting
Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have their normal debit or credit balance. Supplies, $1,000; Buildings, $52,000; Salaries Payable, $500; Common Stock, $32,000; Accounts Payable, $2,050; Utilities Expense, $3,400; Prepaid Insurance, $1,200; Service Revenue, $19,200; Accounts Receivable, $3,900; Cash, $3,200; Salaries Expense, $6,100; Retained Earnings, $17,050. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses. COBRAS INCORPORATED Trial Balance Accounts March 31 Debit Credit Totals $ 0 $ 0

Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have their normal debit or credit balance. Supplies, $1,000; Buildings, $52,000; Salaries Payable, $500; Common Stock, $32,000; Accounts Payable, $2,050; Utilities Expense, $3,400; Prepaid Insurance, $1,200; Service Revenue, $19,200; Accounts Receivable, $3,900; Cash, $3,200; Salaries Expense, $6,100; Retained Earnings, $17,050. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses. COBRAS INCORPORATED Trial Balance Accounts March 31 Debit Credit Totals $ 0 $ 0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
not use ai please
Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have their normal debit or credit balance. Supplies, $1,000; Buildings, $52,000; Salaries Payable, $500; Common Stock, $32,000; Accounts Payable, $2,050; Utilities Expense, $3,400; Prepaid Insurance, $1,200; Service Revenue, $19,200; Accounts Receivable, $3,900; Cash, $3,200; Salaries Expense, $6,100; Retained Earnings, $17,050. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses. COBRAS INCORPORATED Trial Balance Accounts March 31 Debit Credit Totals $ 0 $ 0
Transcribed Image Text:Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have their normal debit or credit balance. Supplies, $1,000; Buildings, $52,000; Salaries Payable, $500; Common Stock, $32,000; Accounts Payable, $2,050; Utilities Expense, $3,400; Prepaid Insurance, $1,200; Service Revenue, $19,200; Accounts Receivable, $3,900; Cash, $3,200; Salaries Expense, $6,100; Retained Earnings, $17,050. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses. COBRAS INCORPORATED Trial Balance Accounts March 31 Debit Credit Totals $ 0 $ 0
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS