Question: 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, $2,900; Prepaid Rent, $6,400; Accounts Payable $3,300; Common Stock, $30,000; Service Revenue, $24,400; Salaries Expense, $7,200; Accounts Receivable, $5,100; Land, $50,000; Unearned Revenue, $1,800; Retained Earnings, $20,500; Supplies Expense, $8,400.
Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses.