GHI Enterprises Financial Balances as of August 31, 2024:

Account	Amount
Cash	$14,000
Accounts Receivable	$17,000
Office Supplies	$2,000
Accounts Payable	$6,000
Salaries Payable	$4,000
Vehicles	$60,000
Accumulated Depreciation	$18,000
Mortgage Payable	$40,000
Common Stock	$50,000
Retained Earnings	$25,000

Requirements:

1. Prepare a trial balance.
2. Record adjusting entries for the following:
   • Depreciation expense: $3,500
   • Salaries expense: $4,500
3. Create an adjusted trial balance.
4. Draft a balance sheet.
5. Discuss the relevance of accrual accounting.