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South Bena Repair Service Company keeps its records without the neip or an accountant. After mucn enort, an outside accountant prepared the following unadjusted

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South Bena Repair Service Company keeps its records without the neip or an accountant. After mucn enort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Cash Accounts receivable Supplies Prepaid insurance. Equipment Accumulad depreciation Other as Accounts payable SOUTH BEND REPAIR SERVICE COMPANY Unadjusted Trial Balance For the Year Ended December 31 Debit Credit 21,000 8,400 2,700 2,300 28,400 13,400 6,500 3,900 Weges payable Income taxes payable: Note payable (two years; 9% interest due each December 31). 6,400 Common stock (2,500 shares outstanding all year). 440 Additional paid-in capital 17,100 Retained earnings 8,760 Service revenue 55,000 Wages expense 26,600 Remaining expenses (not detailed; excludes income tax) 9,100 Income tax expense 105,000 105,000 Totals

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