Intel Corporation

Adjusted Trial Balance as at 31 December 2025

	Debit ($)	Credit ($)
Cash	40,000
Accounts Receivable	50,000
Prepaid Insurance	20,000
Equipment	400,000
Accumulated Depreciation - Equipment		80,000
Accounts Payable		30,000
Unearned Revenue		25,000
Common Stock		200,000
Retained Earnings		70,000
Service Revenue		300,000
Salaries Expense	100,000
Rent Expense	30,000
Depreciation Expense	20,000
Total	960,000	960,000

Required:

1. Prepare the Ledger Accounts for the above adjusted trial balance.
2. Calculate the Income Statement for the year ended 31 December 2025.
3. Prepare the Balance Sheet as at 31 December 2025.