The adjusted trial balance for Verona Inc. follows.

Adjusted Trial Balance
June 30
Description	Debit	Credit
Cash	$33,500	$
Accounts receivable	18,000
Supplies	4,800
Equipment	85,000
Accumulated depreciationequipment		15,000
Accounts payable		8,500
Deferred revenue		2,200
Note payable		50,000
Common stock		55,000
Dividends	3,000
Retained earnings		18,900
Sales		177,000
Salaries expense	150,000
Insurance expense	6,000
Depreciation expense	8,500
Misc. expense	17,800
Totals	$326,600	$326,600

Required Create a balance sheet on June 30. Note: Use a negative sign with any contra accounts.

Balance Sheet
June 30
AnswerAccounts receivableAccumulated depreciationequipmentAssetsDeferred revenueExpensesLiabilitiesNet incomeRetained earningsRetained earnings beg. balanceRevenueStockholders' equityTotal assetsTotal expensesTotal liabilitiesTotal liabilities and stockholders' equityTotal revenueTotal stockholders' equity
Cash		Answer
AnswerAccounts receivableAccumulated depreciationequipmentAssetsDeferred revenueExpensesLiabilitiesNet incomeRetained earningsRetained earnings beg. balanceRevenueStockholders' equityTotal assetsTotal expensesTotal liabilitiesTotal liabilities and stockholders' equityTotal revenueTotal stockholders' equity		Answer
Supplies		Answer
Equipment	Answer
AnswerAccounts receivableAccumulated depreciationequipmentAssetsDeferred revenueExpensesLiabilitiesNet incomeRetained earningsRetained earnings beg. balanceRevenueStockholders' equityTotal assetsTotal expensesTotal liabilitiesTotal liabilities and stockholders' equityTotal revenueTotal stockholders' equity	Answer	Answer
Total assets		Answer
AnswerAccounts receivableAccumulated depreciationequipmentAssetsDeferred revenueExpensesLiabilitiesNet incomeRetained earningsRetained earnings beg. balanceRevenueStockholders' equityTotal assetsTotal expensesTotal liabilitiesTotal liabilities and stockholders' equityTotal revenueTotal stockholders' equity
Accounts payable		Answer
AnswerAccounts receivableAccumulated depreciationequipmentAssetsDeferred revenueExpensesLiabilitiesNet incomeRetained earningsRetained earnings beg. balanceRevenueStockholders' equityTotal assetsTotal expensesTotal liabilitiesTotal liabilities and stockholders' equityTotal revenueTotal stockholders' equity		Answer
Note payable		Answer
AnswerAccounts receivableAccumulated depreciationequipmentAssetsDeferred revenueExpensesLiabilitiesNet incomeRetained earningsRetained earnings beg. balanceRevenueStockholders' equityTotal assetsTotal expensesTotal liabilitiesTotal liabilities and stockholders' equityTotal revenueTotal stockholders' equity		Answer
AnswerAccounts receivableAccumulated depreciationequipmentAssetsDeferred revenueExpensesLiabilitiesNet incomeRetained earningsRetained earnings beg. balanceRevenueStockholders' equityTotal assetsTotal expensesTotal liabilitiesTotal liabilities and stockholders' equityTotal revenueTotal stockholders' equity
Common stock		Answer
AnswerAccounts receivableAccumulated depreciationequipmentAssetsDeferred revenueExpensesLiabilitiesNet incomeRetained earningsRetained earnings beg. balanceRevenueStockholders' equityTotal assetsTotal expensesTotal liabilitiesTotal liabilities and stockholders' equityTotal revenueTotal stockholders' equity		Answer
AnswerAccounts receivableAccumulated depreciationequipmentAssetsDeferred revenueExpensesLiabilitiesNet incomeRetained earningsRetained earnings beg. balanceRevenueStockholders' equityTotal assetsTotal expensesTotal liabilitiesTotal liabilities and stockholders' equityTotal revenueTotal stockholders' equity		Answer
AnswerAccounts receivableAccumulated depreciationequipmentAssetsDeferred revenueExpensesLiabilitiesNet incomeRetained earningsRetained earnings beg. balanceRevenueStockholders' equityTotal assetsTotal expensesTotal liabilitiesTotal liabilities and stockholders' equityTotal revenueTotal stockholders' equity		Answer