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Requirements: Prepare a trial balance using the following account balances: Cash: $10,000 Accounts Receivable: $8,000 Inventory: $15,000 Accounts Payable: $7,000 Owner's Equity: $20,000 Sales Revenue:

  • Requirements:
    • Prepare a trial balance using the following account balances:
      • Cash: $10,000
      • Accounts Receivable: $8,000
      • Inventory: $15,000
      • Accounts Payable: $7,000
      • Owner's Equity: $20,000
      • Sales Revenue: $25,000
      • Rent Expense: $2,000
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