The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2007.
Accounts Receivable $13,400 Prepaid Insurance $1,800
Accounts Payable 7,400 Repair Expense 1,200
Cash ? Service Revenue 15,500
Delivery Equipment 59,360 Dividends 700
Gas and Oil Expense 758 Common Stock 40,000
Insurance Expense 600 Salaries Expense 4,428
Notes Payable, due 2010 28,450 Salaries Payable 900
Retained Earnings (July 1, 2007) 5,200
1.Complete the trial balance
2.Complete the income statement, statement of retained earnings, and classified balance sheet.
