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QUESTION 12 From the following Trial Balance prepare a Balance Sheet Statement. Ace Transport Service Adjusted Trial Balance 12/31/2017 Account Title Debit Credit Cash 1800

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QUESTION 12 From the following Trial Balance prepare a Balance Sheet Statement. Ace Transport Service Adjusted Trial Balance 12/31/2017 Account Title Debit Credit Cash 1800 Accounts Receivable 2000 Supplies 1000 Equipment 25000 Accumulated Depreciation/Equipment 3500 Accounts Payable 1200 Salaries Payable 4000 Notes Payable 3000 Common Stock 8000 Dividends 1500 Service Revenue 23000 Rent Expense 6000 Supplies Expense 1900 Depreciation Expense 1500 Interest Expense 2000 Total 42700 42700

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