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Ch3 Answers to be submitted in Canvas Adjusted Trial Balance Adjusted Trial Balance Debit Credit Cash $25,000 Accounts receivable 30,000 Supplies 250 Prepaid Insurance 2.500

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Ch3 Answers to be submitted in Canvas Adjusted Trial Balance Adjusted Trial Balance Debit Credit Cash $25,000 Accounts receivable 30,000 Supplies 250 Prepaid Insurance 2.500 Property. Plant & Equipment 1.075,000 Accumulated depreciation SI80.000 Accounts payable 12.000 Salaries payable 8,000 Utilities payable 9001 Deferred revenue 3.600 Notes payable (due in Syrs) 250.000 Common stock 300.000 Retained carnings 225.000 Dividends 25,000 Service revenue-new construction 380,000 Service revenue-remodeling 320,000 Salaries expense 450,000 Depreciation expense 60,0001 interest expense 3.0001 Supplies expense 4001 utilities expense 7,850 Service fee expense Total $1.679,500 $1,679,500 500 1. Net income 2. Total current assets 3. Book value of the equipment 4. Total assets 5. Identify ALL the Permanent accounts from the following: Cash Salaries expense Notes payable Dividends Depreciation expense Service revenue Service fee expense Supplies Accumulated depreciation

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