| Prepare the trial balance for Smith Construction as of May 31, 2010 listing the accounts in the proper order. | ||||||||
| Prepare the Income Statement, Statement of retained earnings and balance sheet for Smith Construction as of May 31. | ||||||||
| These statements are for the period March, April, and May. Assume retained earnings starts at a 0 blance | ||||||||
| Account | Balance | |||||||
| Repair expense | 1,000 | |||||||
| cash | 47,240 | |||||||
| Tools | 1,200 | |||||||
| Accounts Payable | 0 | |||||||
| Supplies | 1,500 | |||||||
| Common Stock | 41,000 | |||||||
| Rent Expense | 2,000 | |||||||
| Equipment | 24,000 | |||||||
| Dividends | 3,900 | |||||||
| Accounts receivable | 1,080 | |||||||
| Salary Expense | 10,780 | |||||||
| Service Revenue | 51,700 | |||||||
| Retained Earnings | 0 | |||||||
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