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Objective : Construct and use a trial balance.
The accounts of Lake Oaks Pool Service, Inc., follow with their normal balances at April 30, 2014. The accounts are listed in no particular order.
Account
Balance
Dividends
$ 3,500
Common stock
$ 16,800
Utilities expense
1,800
Accounts payable
4,800
Accounts receivable
5,300
Service revenue
20,910
Delivery expense
450
Equipment
29,200
Retained earnings
4,700
Note payable
21,500
Salary expense
8,700
Cash
19,760
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