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IVANHOE COMPANY Adjusted Trial Balance December 31, 2021 Debit Credit Cash $3,400 Accounts receivable 5,000 Prepaid expenses 2,400 Equipment 43,000 Accumulated depreciation equipment $16,125 Accounts

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IVANHOE COMPANY Adjusted Trial Balance December 31, 2021 Debit Credit Cash $3,400 Accounts receivable 5,000 Prepaid expenses 2,400 Equipment 43,000 Accumulated depreciation equipment $16,125 Accounts payable 5,200 Unearned revenue 9,700 17,150 M. Ivanhoe, capital M. Ivanhoe, drawings Service revenue 18,000 66,100 Rent expense 8,700 Salaries expense 26,300 Supplies expense 2,100 Depreciation expense 5,375 $114,275 $114,275 IVANHOE COMPANY Income Statement Year Ended December 31, 2021 Revenues Service Revenue $ 66100 Expenses 26300 Supplies Expense

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