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(P3.10A(LOS) You are presented with the following alphabetical list of accounts and balances (in thou sanity for Taggar Enterprises Inc. at June 30, 2021. All
(P3.10A(LOS) You are presented with the following alphabetical list of accounts and balances (in thou sanity for Taggar Enterprises Inc. at June 30, 2021. All accounts have a normal balance. Accounts payable $ 2.500 come tax payable $ 100 Accounts receivable 3.000 Loterest expense 100 Accumulated depreciation-buildings 4,000 Land 12,500 Acumulated depreciation-equipment 1,000 Long-term investments 3,550 hildings 15,000 Mortgage payable, due 2025 15,000 Cash 1,800 Office expense 3.300 tommon shares 5.000 Prepaid insurance 900 -Prividends declared 2.000etained earnings 6,250 Equipment 3.000 hervice revenue 25,000 Thcome tax expense 1.000 Salaries expense 13.700 Instructions a. Prepare a trial balance. b. If debits equal credits in Taggar's trial balance, do you have reasonable assurance that no errors exist? Explain
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