Redberry, Inc. Trial Balance October 31, 2021 Balance Account Title Debit Credit Cash $ 8,000 Accounts receivable 18,000 Supplies 2,000 Land 50,000 21,000 $ Equipment Accounts payable Note payable Common stock 17,000 26,000 9,000 Retained earnings 15,000 Service revenue 78,600 Salary expense Rent expense 34,000 11,500 1,100 Utilities expense Total $ 145,600 $ 145,600 Cash 1. Compute the total assets for the business. (If an input field is not used in the table leave the field empty, do not select a label or enter a zero.) Account Amount $ 8,000 Accounts receivable 18,000 Supplies 2,000 50,000 Equipment 21,000 Land lon 99,000 Total assets 2. Compute the total liabilities for the business. (If an input field is not used in the table leave the field empty, do not select a label or enter a zero) Amount Account Total liabilities Requirements Compute these amounts for the business: 1. Total assets 2. Total liabilities 3. Net income or net loss during October table Print Done