Below are the accounts of ABC, Inc. The accounts have normal balances on June 30, 2014. The accounts are listed in no particular order.
Account Balance
Money Market Account $5,200
Unearned Revenue $4,400
Sales $18,100
Building $26,800
Bonds payable $5,500
Preferred Stock $5,100
Prepaid insurance $4,100
Rent expense $2,100
Notes receivable $6,600
Depreciation expense $2,700
Retained earnings $22,600
Salary Payable $8,200
Long term investments $16,400
Required:
Prepare the company's trial balance as of June 30, 2014, listing accounts in proper sequence. For example, Accounts Receivable comes before Building. List the expense with the largest balance first, the expense with the next largest balance second, and so on.