Trial Balance

After recording the transactions in E 9, prepare a trial balance in proper sequence for Ceramics Repair Service, Inc., as of June 30, 20xx.

Preparing a Trial Balance

The list that follows presents the accounts (in alphabetical order) of the Chapala Metal Corporation as of March 31, 20xx. The list does not include the amount of Accounts Payable. Accounts Payable ?

Accounts Receivable $ 1,800

Building 20,400

Cash 5,400

Common Stock 12,000

Equipment 7,200

Land 3,120

Notes Payable 12,000

Prepaid Insurance 660

Retained Earnings 6,870

Prepare a trial balance with the proper heading (see Exhibit 2) and with the accounts listed in the chart of accounts sequence (see Exhibit 3). Compute the balance of Accounts Payable.