Balances 1/1/2015 2015 Transactions Trial Balance 12/31/15 debit credit debit credit debit credit Cash $ 19,802 $ 98,633 $ 103,200 $ 15,235 Accounts Receivable - Commercial $ 1,800 $ 95,331 $ 83,081 $ 14,050 Less: Allowance for bad debts - Commercial $ 90 $ 191 $ 281 Parts Inventory $ 16,000 70,000 $ 49,107 $ 36,893 Prepaid insurance $ 1,100 6,000 $ 5,600 $ 1,500 $ Plumbing equipment and tools $ 7,600 $ 7,600 $ Less: Accumulated depreciation, equip & tools $ 1,183 $ 2,367 3,550 Plumbing truck $ 47,000 $ 47,000 $ Less: Accumulated depreciation, trucks $ 3,500 7,000 $ 10,500 Salaries payable 600 600 Interest Payable 4,000 $ 4,750 750 Taxes payable 400 $ 1,679 $ 1,279 Notes payable $ 50,000 $ 50,000 Unearned revenues $ 13,878 5,616 $ 12,888 $ 21,150 Common stock $ 20,000 $ 20,000 Retained earnings $ 4,651 $ 4,651 Residential sales 8,280 $ 8,280 Commercial sales 95,331 $ 95,331 Cost of sales - residential 6,225 6,225 $ to to Cost of sales - commercial 42,882 $ 42,882 $ Salaries and Wage expense 9,600 9,600 to th Truck operating expenses 4,000 4,000 Depreciation expense 9,367 9,367 Rent and utilities expense $ 9,600 9,600 Office supplies expense 200 to 200 $ Bad debt expense th 191 $ 191 $ Insurance expense to 5,600 5,600 Interest expense 4,750 4,750 $ Tax expense 1,679 1,679 $ Total $ 93,302 $ 93,302 $ 374,074 $ 374,073 216,371 216,371