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Q.NO. 3- JenCo. Showed the following trail balance information for its first month just ended March 31, 2021: Account Debit Credit Account payable $500

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Q.NO. 3- JenCo. Showed the following trail balance information for its first month just ended March 31, 2021: Account Debit Credit Account payable $500 Account receivable $1,950 Cash $500, Equipment $700 Interest expenses $10 Merie Jensen, capital $2,050 Marie Jensen, withdrawal $1,500 Notes payable $1,100 Prepaid insurance $300 Salaries expenses $800 $1,650 Service revenue

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