Facebook Inc.

Adjusted Trial Balance as at 31 December 2026

	Debit ($)	Credit ($)
Cash	30,000
Accounts Receivable	40,000
Prepaid Insurance	5,000
Equipment	200,000
Accumulated Depreciation - Equipment		60,000
Accounts Payable		20,000
Unearned Revenue		15,000
Common Stock		150,000
Retained Earnings		50,000
Service Revenue		180,000
Salaries Expense	60,000
Rent Expense	20,000
Depreciation Expense	10,000
Total	365,000	365,000

Required:

1. Prepare the Ledger Accounts for the above adjusted trial balance.
2. Calculate the Income Statement for the year ended 31 December 2026.
3. Prepare the Balance Sheet as at 31 December 2026.