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Carlos Young started an engineering firm called Young Engineering. He began operations in March 2020 and completed seven transactions, including his initial investment of
Carlos Young started an engineering firm called Young Engineering. He began operations in March 2020 and completed seven transactions, including his initial investment of $17,000 cash. After these transactions, the ledger included the following accounts with their normal balances: Cash Office Supplies Prepaid Insurance Office Equipment $26,660 660 3,200 16,500 Accounts Payable 16,500 Carlos Young, Capital 17,000 Carlos Young, Withdrawals 3,740 Engineering Revenue 24,000 Rent Expense 6,740 Required: Prepare a trial balance for the business. YOUNG ENGINEERING Trial Balance March 31, 2020
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