Cash | A/R Supplies Prepaid Insurance PP&E Trial Balance 48,000 22.000 1,200 1,000 41,000 A/P N/P Common Stock Retained Earnings 23,000 12,000 20,000 58,200 During the year, the following transactions occurred: 1. You bought $800 of supplies on account. 2. You sold $22,000 of services on account. 3. You pay your workers $2,800 4. You receive a utility bill for $400 5. You sell $10,000 of services for cash. 6. Your customer pays your $12,000 of the balance owed from #2. 7. You pay your supplies bill from $1 Tram #1 8. You pay $1,200 of your accounts payable. 9. You issue $2,000 worth of common stock. 10. You pay out $2,000 worth of dividends. 11. You receive $5,000 for services that you will provide next month Additional information at year end: 1. You have $400 of supplies left in your supply closet. 2. You owe your employees $1,200 for time worked but not yet paid. 3. Your insurance policy is for 10 months. 1 month has passed. 4. Your N/P has an interest rate of 8%. Work through the ENTIRE accounting process in your groups