Adjusted Trial Balance Debit Cash $40,000 Accounts receivable 55,000 Supplies 2,000 Prepaid Insurance 6,000 Property, Plant & Equipment (PPE) 1,000,000 Ch3--Answers to be submitted in Canvas Credit 1. Net income 2. Total current assets 3. Book value of the PPE 4. Total assets Accumulated depreciation $200,000 5. Identify ALL the Accounts payable 25,000 Permanent accounts from Salaries payable 10,000 Utilities payable list 2,000 Deferred revenue 15,000 Cash Salaries expense Notes payable (due in 5 years) 125,000 Notes payable Dividends Common stock 400,000 Depreciation expense Service revenue Retained earnings 186,000 Service fee expense Supplies Dividends 20,000 Accumulated depreciation Service revenue-new construction 350,000 Service revenue-remodeling 250,000 Salaries expense 390,000 Depreciation expense 25,000 Interest expense 5,000 Building supplies expense 4,000 Utilities expense 15,000 4 Service fee expense 1,000 Total $1,563,000 $1,563,000