My HouseCleaning Business

Trial Balance

December $31,20$X$2$

Account Debit Credit

Cash $$2,000$

Accounts Receivable $2,000$

Cleaning Supplies on Hand $450$

Equipment $4,300$

Accumulated Depreciation$-$Equipment $$1,610$

Accounts Payable $20$

Equipment Loan Payable $1,500$

Common Stock $500$

Retained Earnings $150$

Service Revenue $24,000$

Worker wages $14,075$

Cleaning supplies expense $2,685$

Gas expense $875$

Business taxes and insurance $525$

Depreciation expense $770$

Interest expense $100$

$$27,780$ $$27,780$

Based on the above trial balance, what are the total liabilities at $12/31/$X$2?$

Based on the above trial balance, what are the total assets at $12/31/$X$2?$

Based on the above trial balance, what is the net income for the year ended $12/31/$X$2?$