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The balances for the accounts of Millie's Maintenance Co. for the year ended December 31, 2020 are shown below. Each account shown has a normal

The balances for the accounts of Millie's Maintenance Co. for the year ended December 31, 2020 are shown below. Each account shown has a normal balance.

Accounts payable

$15,000

Equipment

$11,250

Accounts receivable

10,000

Wages expense

22,000

Cash

?

Utilities expense

2,450

Maintenance supplies

3,300

Millie, withdrawals

?

Building

50,500

Notes payable

32,000

Supplies expense

2,200

Land

10,000

Millie, capital, beginning

5,000*

Unearned maintenance revenue

22,500

Maintenance revenue

206,000

The ending balance of the capital account is $20,000; the only addition to the account for the year was profit. Calculate the correct balances for Cash and Millie, Withdrawals and prepare a trial balance.

Thank you!

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