KARISE REPAIRS

Adjusted Trial Balance

December $31$

Number Account Title Debit Credit

$101$ Cash $ $115,000$

$124$ Office supplies $1,900$

$128$ Prepaid insurance $2,800$

$167$ Equipment $50,000$

$168$ Accumulated depreciation$$Equipment $ $5,000$

$201$ Accounts payable $12,500$

$210$ Wages payable $800$

$307$ Common stock $15,000$

$318$ Retained earnings $35,000$

$319$ Dividends $16,000$

$403$ Services revenue $188,900$

$612$ Depreciation expense$$Equipment $5,000$

$623$ Wages expense $43,000$

$637$ Insurance expense $700$

$640$ Rent expense $15,000$

$650$ Office supplies expense $3,600$

$690$ Utilities expense $4,200$

Totals $ $257,200$ $ $257,200$

Note: Retained Earnings account balance was $$35,000$ on December $31$ of the prior year.