Questions # 1 Marks 30 TRIAL BALANCE accounts credit debit 8000 32000 Land Note payables Tax expanse Dividends Rent expense Salary expense Salary payable 2600 30000 13000 65000 1100 19200 0 10000 Service revenue Supplies Retained earnings beginnings Common stocks Accounts payable Accounts receivables Advertising expense 54000 28000 11000 Building Cash Equipment Insurance expanse Interest expanse 1000 15000 14500 0 3000 16000 2500 7000 31810 0 31810 0 Total Balance Requirements: 1. Prepare Income statement (Finds profit or loss by amount) 2. Prepare statement of retained eamings (Equity at end of year) 3. Prepare balanced sheet (Total resources)