(Preparing a trial balance)

Using the following information, prepare a trial balance for the Forfeit Company at June 30, 2004.

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Accumulated depreciation-equipment Taxes payable Equipment $ 4,000 200 24,000 Cash 20,000 Utilities expense 1,000 Depreciation expense-equipment 600 Notes payable 24,000 Salaries expense 20,000 R. Key, Capital 15,800 Office supplies 2,000 Service revenue Rent expense Accounts payable 32,000 8,600 1,600 Office supplies expense 1,400