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Ch2--Answers to be submitted in Canvas Use the data to set up a Trial Balance and answer the 5 questions. Cash $20,000 25,000 Accounts receivable

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Ch2--Answers to be submitted in Canvas Use the data to set up a Trial Balance and answer the 5 questions. Cash $20,000 25,000 Accounts receivable Supplies Prepaid rent Building & Equipment Accounts payable 300 3,200 ? 18,000 Salaries payable 15,000 Interest payable 3,000 Deferred revenue 17,000 Notes payable Common stock Retained earnings 350,000 500,000 300,000 Dividends 25,000 Service revenue 654,000 Salaries expense 321,000 Rent expense 30,000 6,000 Interest expense Supplies expense Utilities expense Advertising expense 1,200 6,000 200,000 1. Total credits 2. Building/Equipment 3. Net income 4. Ending retained earnings $ 5. Total Assets

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