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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 Accounts receivable Supplies Prepaid

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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 Accounts receivable Supplies Prepaid rent Building & Equipment Accounts payable Salaries payable Interest payable Deferred revenue Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense Interest expense Supplies expense Utilities expense Advertising expense $18,000 25,000 1. Total credits 2. Building/Equipment $ 500 3. Net Income S 1,500 4. Ending retained earnings ? S. Total Assets 12,000 10,000 3,000 10,000 100,000 250,000 200,000 20,000 500,000 300,000 15,000 6,000 2,000 20,000 55,000 D

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