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Using the following information, prepare a trial balance for the Bilello Electric Repair Company as of June 30, 2013, grouping together the asset, liability, equity, revenue, and expense accounts.Accumulated depreciation truck and tools...... $ 4,800Accounts receivable ............... 1,200Truck and tools ................. 24,000Cash ..................... 4,000Utilities expense ................ 1,000Depreciation expense truck and tools....... 2,400Electrical supplies inventory ............ 3,000Joe Bilello, Withdrawals .............. 55,000Joe Bilello, Capital ................ 6,300Electrical supplies expense ............ 4,000Service revenue ................. 68,000Rent expense .................. 3,000Notes payable.................. 20,000Truck expense.................. 1,500
Operating Leverage
Perform an Internet search on "close underperforming stores" or similar phrase or locate an example of a company that has closed unprofitable stores or other segments.
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