Question

uudio Masters Corp., contain the following amounts on April 30, 2018. The accounts appear in no particular order e data.) Audio Masters at April 30, 2018. List the accounts in proper order. Maste - X i Data Table April 30 . Service revenue.........$ Prepaid rent..... Accounts payable ....... Equipment Dividends. 63,000 750 1,700 21,000 22,600 Utilities expense....... Note payable Cash... Rent expense. Common stock 18,400 11,500 18,350 10,150 15,000 T enter any Print Done Clear All Check

Answer 1

Answer:

Trial Balance

Trial Balance
Account	Debit	Credit
Cash	$18,300
Prepaid rent	$750
Equipment	$21,000
Accounts payable		$1,700
Notes payable		$11,500
Common stock		$15,000
Dividends	$22,600
Service revenue		$63,000
Utilities expense	$18,400
Rent expense	$10,150
Totals	$91,200	$91,200

Explanation:

All Assets, expenses and Dividends having debit balance, And

All Liabilities, revenues and Equity having credit balance