Question

In: Accounting

Prepare a trial balance for Kenny's Lawn Service as of September 30, 20--.

 Prepare a trial balance for Kenny's Lawn Service as of September 30, 20--. List the accounts in the order of Assets, Liabilities, Owner's equity, Revenue, and Expenses. If an amount box does not require an entry, leave it blank.

The following accounts have normal balances.

 

Cash $10,000
Accounts Receivable 6,000
Supplies 1,600
Prepaid Insurance 1,200
Delivery Equipment 16,000
Accounts Payable 4,000
Kenny Young, Capital 20,000
Kenny Young, Drawing 2,000
Delivery Fees 18,800
Wages Expense 4,200
Rent Expense 1,800

Solutions

Expert Solution

Kenny's Lawn Service

Trail Balance 

September 30,20--

Account                   Debit Balance$      Credit Balance$

Cash                                   10,000

Account Receivable             6,000

Supplies                               1,600

Prepaid Insurance                1,200

Delivery Equipment            16,000

Accounts Payable                                           4,000

Kenny Young , Capital                                   20,000

Kenny Young , Drawing       2,000 

Delivery Fees                                                 18,800

Wages Expense                   4,200

Rent Expense                       1,800      

Totals                                42,800               42,800


Trial balance debit side total $42,800

Trial balance credit side total $42,800

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