ACCT 212 DEVRY ENTIRE COURSE LATEST
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Service revenue $17,100<br />
Land $28,800<br />
Note payable $9,500<br />
Cash $5,200<br />
Dividends $6,100<br />
Utilities expense $2,100<br />
Accounts receivable $10,600<br />
Delivery expense $700<br />
Retained earnings $25,600<br />
Salary expense $8,200<br />
Prepare the company’s trial balance as of June 30, 2012, listing accounts in proper sequence, as<br />
illustrated in the chapter. For example, Accounts Receivable comes before Land. List the expense with<br />
the largest balance first, the expense with the next largest balance second, and so on.<br />
(TCO4) Linda’s Lampshades started business on Jan. 1, 2001. They had the following inventory<br />
transactions:<br />
Journals – Jan. 2001<br />
Purchases<br />
Supplier Date Received Quantity Unit Cost Amount<br />
Donna 01/10/01 110 12.00 1320.00<br />
Thomas 01/15/01 160 14.00 2240.00<br />
Cindy 01/18/01 150 15.00 2250.00<br />
Sales<br />
Customer Date shipped Quantity Sel. Price Amount<br />
Norilene 01/16/01 200 25.00 5000.00<br />
1. Calculate the ending inventory, using the perpetual inventory method:
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