Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2015.

Accounts Payable

$

604

Accounts Receivable

304

Accumulated DepreciationEquipment

904

Cash

304

Common Stock

204

Depreciation Expense

304

Equipment

3,204

Income Tax Expense

304

Interest Revenue

104

Notes Payable (long-term)

204

Notes Payable (short-term)

504

Prepaid Rent

104

Rent Expense

404

Retained Earnings

1,504

Salaries and Wages Expense

2,204

Service Revenue

6,212

Supplies

504

Supplies Expense

204

Travel Expense

2,604

Unearned Revenue

204

Required:

1-a.	Prepare an adjusted trial balance at September 30, 2015.

1-b.

Is the Retained Earnings balance of $1,504 the amount that would be reported on the balance sheet as of September 30, 2015?

	Yes
	No