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Create a balance sheet, from this Trail Balance Account Name Debit Credit Cash $ 3,321 Accounts Receivable 4,982 Merchandise Inventory 8,644 Prepaid Insurance 900 Van

Create a balance sheet, from this Trail Balance

Account Name Debit Credit
Cash $ 3,321
Accounts Receivable 4,982
Merchandise Inventory 8,644
Prepaid Insurance 900
Van 15,988
Accumulated Depreciation $ 3,755
Accounts Payable 2,347
Wages Payable 750
Long-term Notes Payable 11,866
Capital Stock 5,500
Retained Earnings 9,082
Dividends 650
Sales 18,677
Sales Returns 1,622
Interest Revenue 97
Cost of Goods Sold 9,233
Freight-In 621
Wages Expense 3,850
Gas Expense 942
Insurance Expense 640
Interest Expense 138
Income Taxes Expense 543
Total Balances $ 52,074 $ 52,074

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