3. (5 marks) Prepare a balance sheet from the adjusted trial balance below. Deavours Photography Adjusted Trial Balance December 31, 2020 Credit Debit $2,000 2,000 600 16,000 Accounts Cash Prepaid insurance Office supplies Office equipment Accumulated depreciation Accounts payable Salaries payable Unearted service revenue C. Devours, capital C. Devours, drawing Service revenue Salaries expense Depreciation expense Supplies expense Insurance expense Totals $3,000 5.000 900 2.500 7,450 5,600 15,350 4,600 1,000 400 2,000 $34,200 $34,200 Answer: Devours Photography Balance Sheet December 31, 2020 Assets Cash Prepaid insurance Office supplies Office equipment Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Unearted service revenue Total liabilities Total assets Owner's equity C Devours, capital Total liabilities and owner's equity