Prepare trial balance Account Name: Debit Credit

a$.$ Cash $$100,000\mathrm{.}00$

Common stock $$100,000\mathrm{.}00$

$$15,000\mathrm{.}00$

b$.$ Equipment $$15,000\mathrm{.}00$

Cash

c$.$ Prepaid Rent $$7,000\mathrm{.}00$

Cash $$7,000\mathrm{.}00$

d$.$ Office supplies $$850\mathrm{.}00$

Accounts Payable $$850\mathrm{.}00$

e$.$ Merchandise Inventory $$55,000\mathrm{.}00$

Accounts Payable $$55,000\mathrm{.}00$

f$.$ Cash $$25,000\mathrm{.}00$

Notes payable $$25,000\mathrm{.}00$

g$.$ Cash $$2,200\mathrm{.}00$

Unearned Service revenue $$2,200\mathrm{.}00$

h$.$ Accounts Receivable $$57,000\mathrm{.}00$

sales revenue $$57,000\mathrm{.}00$

Cost of goods sold $$28,500\mathrm{.}00$

Merchandise Inventory $$28,500\mathrm{.}00$

i$.$ Cash $$15,000\mathrm{.}00$

Accounts Receivable $$15,000\mathrm{.}00$

j$.$ Accounts payable $$20,000\mathrm{.}00$

cash $$20,000\mathrm{.}00$

k$.$ Salaries Expenses $$3,500\mathrm{.}00$

Federal withholding $$900\mathrm{.}00$

state withholding $$450\mathrm{.}00$

social security payable $$217\mathrm{.}00$

Medicare payable $$51\mathrm{.}00$

Cash $$1,882\mathrm{.}00$

l$.$ Utilities expenses $$1,500\mathrm{.}00$

Accounts Payable $$1,500\mathrm{.}00$

M Notes receivable $$20,000\mathrm{.}00$

Accounts Receivable $$20,000\mathrm{.}00$

N Retained Earning $$1,000\mathrm{.}00$

Dividend Payable $$1,000\mathrm{.}00$

Total $$351,550\mathrm{.}00$ $$351,550\mathrm{.}00$