The accounts of Wellington Electronics Repair, Inc., follow with their normal ba

Question

The accounts of Wellington Electronics Repair, Inc., follow with their normal balances at October 31, 2016. The accounts are listed in no particular order. (Click the icon to view the account balances.) Read the requirements Requirement 1, Prepare te company's trial balance at October 31, 2016, listing accounts in the proper order. List the largest expense first, the second-largest expense next, and so on Wellington Electronics Repair, Inc. Trial Balance October 31, 2016 Account Debit Credit Total

Explanation / Answer

TRIAL BALANCE AS ON OCTOBER 31 , 2016 Account Debit Credit Notes Payable $       1,52,000 Building $       1,35,000 Land $           58,000 Common Stock $           45,000 Cash $           15,100 Retained Earnings $           14,840 Service Revenue $             7,750 Salaries Expenses $             5,200 Account Receivable $             4,200 Account Payable $             3,300 Rent Expenses $             2,400 Dividends $             1,500 Utilities Expenses $                 535 Supplies Expenses $                 480 Supplies $                 250 Inusurance Stock $                 225 TOTAL $       2,22,890 $       2,22,890

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