Chop Shop PTY LTD Adjusted trial balance As at 31 October 2019
Account name	Debit	Credit
Cash	$15,400
Supplies	1,550
Equipment	5,000
Accumulated depreciation		40
Accounts payable		2,550
Salaries payable		2,000
Bank loan (non-current)		5,000
Share capital		10,000
Retained earnings		0
Dividends	500
Service revenue		10,600
Salaries expense	7,650
Interest expense	50
Depreciation expense	40
	$30,190	$30,190

1. a. Prepare a Profit or Loss Statement
2. b. Prepare a Balance Sheet