Business, 24.09.2020 19:01 neariah24

Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, $2,600; Prepaid Rent, $6,100; Accounts Payable $3,000; Common Stock, $27,000; Service Revenue, $24,100; Salaries Expense, $6,900; Accounts Receivable, $4,800; Land, $47,000; Deferred Revenue, $1,650; Retained Earnings, $19,750; Supplies Expense, $8,100. Required:
Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses.

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Answer from: shancaines17

Sooner Company

Trial Balance

For the month ended April 30, 202x

Debit Credit

Cash $2,600

Accounts Receivable $4,800

Prepaid Rent $6,100

Land $47,000

Accounts Payable $3,000

Deferred Revenue $1,650

Common Stock $27,000

Retained Earnings $19,750

Service Revenue $24,100

Salaries Expense $6,900

Supplies Expense $8,100

Totals $75,500 $75,000

When you are preparing a trial balance, you must report the accounts with their normal balances, e.g. assets have a normal debit balance while equity has a normal credit balance.

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$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

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Below is the complete list of accounts of Sooner Company and the related balance at the end of April...

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